US Stock Market saw biggest fall since 2011 !

US stocks saw the biggest one-day fall in six years on Monday. The Dow Jones Industrial Average fell nearly 1,600 points for its biggest intraday drop in history in points terms, or more than 6%, before ending down 4.6% for it’s biggest one day fall since Aug. 2011. Only last month the Dow and S&P500 index had their best monthly gains in two years with stocks reaching record levels on 26 January, supported by the benefit of cut in US corporate taxes in December, rising earnings, and healthy global economic growth. But with the Federal Reserve seen likely to raise short-term interest rates again at least three times in 2018, bond yields have been rising, and last Friday’s healthy US jobs market report sparked fears of rising inflation, leading to Monday’s sharp bout of profit taking.