Those higher rates have been the catalyst for recent selling, stoking concerns that slower growth would impinge on corporate profits. Energy companies sank along with oil prices and CVS lead a rout in health care stocks. "There isn't much of a place to hide right now in the equity market," said Willie Delwiche, an investment strategist at Baird. The Russell 2000 index of smaller-company stocks fell 30.03 points, or 1.9 per cent, to 1545.38. Markets in France, Britain and Germany fell after stocks declined sharply in Hong Kong and Japan.

Source: Stuff October 11, 2018 19:13 UTC