A sharp sell-off on US equity markets as global growth concerns and rising bond yields dogged investor sentiment - Dow down 327-points or -1.27% , with Caterpillar Inc dropping --3.6%. The broader S&P500 lost -1.44%, with Consumer Discretionary (down -2.11%) and Information Technology (-2.02%) to be down over >7% month-to-date) the key laggard sectors. The technology-centric NASDAQ fell -2.06%. Housing stocks were under pressure after Bank of America Merrill Lynch downgraded shares of Toll Brothers Inc (up +0.35%), PulteGroup Inc (down -1.67%) and NVR Inc (-3.77%) and reduced its forecast for housing starts.
