Australian stock market drops, ending a three-day streak, as Wall Street also faces losses.

The Australian stock market dropped on Monday, ending a three-day winning streak, influenced by negative cues from Wall Street. The S&P/ASX 200 Index fell below 8,300, with financial and tech stocks leading losses, though iron ore and energy stocks saw gains. Wall Street also had a rough day, with the Nasdaq suffering the biggest losses as Treasury yields rose. Despite this, European markets showed gains, and crude oil prices increased due to reduced U.S. inventories and the Russia-Ukraine conflict.

3 months ago
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