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Iron ore futures prices have fallen below $90 per ton, the first time in 2024.
Singapore iron ore futures prices have fallen below $90 per ton, reaching a two-year low, primarily due to weak demand from China and a global supply surplus.
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The S&P 500 Banks Index fell to its lowest level in over four months, down 1.3% on the day.
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AI infrastructure companies Corweave fell 14.9% and Nebius fell 9.7%, making them the biggest decliners in the Nasdaq 100 index.
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The DXY is up 0.7% intraday, currently at 102.898.
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