US equity sell-off wipes out 2018 gains as Nasdaq suffers correction

Investors have been flocking to top-performing US equities markets this year, despite it being late in the cycle, drawn by strong economic growth and the boost to corporate America from President Donald Trump's package of tax cuts, as well as the index-leading performance of the technology giants. However, stocks have been badly hit in October with industry commentators warning the equities sell-off earlier in the month could be the start of a more volatile period for markets in the face of a "toxic cocktail" of risks. BofAML: Number of investors bearish on global growth at 10-year hi...