The local share market was hit by a vicious sell-off today, spurred by comments from a US Federal Reserve official indicating that US interest rates need to rise sooner rather than later.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 2.2% to 5219 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 2.2% to 5319 points
  • AUD/USD at US 75.35 cents
  • Iron Ore at US$57.78 a tonne, according to the Metal Bulletin
  • Gold at US$1,328.93 an ounce
  • Brent oil at US$47.27 a barrel

It was one of the most vicious sell-offs the market has experienced since late June, when Britain controversially voted to leave the European Union.

Incredibly, just a handful of companies in the ASX 200 cohort ended the day in the black. QBE Insurance Group Ltd (ASX: QBE) was one such business, rising a mere 0.6%.

Elsewhere, it was all red. Australia and New Zealand Banking Group (ASX: ANZ) dropped 2.1%. And National Australia Bank Ltd. (ASX: NAB) lost 2.6%.

BHP Billiton Limited (ASX: BHP) also fell heavily, losing 4%, with South32 Ltd (ASX: S32) down 4.1%. Telstra Corporation Ltd (ASX: TLS) escaped with a 1.4% decline.

Sydney Airport Holdings Ltd (ASX: SYD) plunged 6.3%, while fellow infrastructure business Transurban Group (ASX: TCL) lost 2%.

Here are Monday’s top stories:

  1. ASX 200 tanks: What you need to know
  2. 3 popular dividend shares that could keep on tumbling
  3. Is CSL Limited headed back to $120?
  4. How I’d invest $5,000 today
  5. Revealed: The very best growth stock on the ASX 200?
  6. 3 key secrets of every would-be share market winner

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.