US stocks ended weaker on Wednesday
after US Federal Reserve Chair Janet Yellen warned of high valuations, adding
to anxiety about future interest rates and a global bond rout.
Cutting losses of more than 1 percent
in afternoon trade, the Dow Jones industrial average fell 86.22 points, or 0.48
percent, to 17,841.98, the S&P 500 lost 9.31 points, or 0.45 percent, to
2,080.15 and the Nasdaq Composite dropped 19.68 points, or 0.4 percent, to
4,919.64.
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