S&P Market News Update : Epic Research Singapore

S&P 500 suffered its steepest one-day decline in five weeks while the Nasdaq Composite dropped the most since July 31. Broad-based losses were led by stocks from the telecom and utilities sectors.

The S&P 500 SPX, -0.65%  closed 13.1 points, or 0.7%, at 1,988.44. The Dow Jones Industrial Average DJIA, -0.57%  dropped 97.55 points, or 0.6%, to 17,013.87. The Nasdaq Composite COMP, -0.87%  shed 40 points, or 0.9%, to 4,552.29.

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