ASX 200 gives back 93 points, back down to 7586 (+1.2%) on US FOMC news and profit-taking after an end-of-month rally sent stocks to all-time highs. Banks that have led the market higher taking a hit, with the Big Bank Basket down to $196.69 (-2.4%). CBA dropped 2.9%, and NAB down 2.2%, the most targeted. Other financials also suffering, MQG dropping 1.2% with GQG off 1.3%. Insurers were flat, with REITs slipping as GMG fell 0.7% and VCX down 2.4%. Industrials were weaker across the board as expected, TCL down 1.5%, WOW fell 0.6%, and healthcare in trouble, CSL down 1.6%. Tech also came under pressure as WTC fell 1.4% and XRO off 1.3%. The All-Tech Index down 1.2%. Resources continued to be unloved, the 'Three Amigos' saw selling, BHP down 0.3% with FMG off 1.3%, lithium remains depressed as BoA cut forecasts. MIN down 2.6%, PLS down 2.5% and LYC falling 3.4%. Gold miners eased except NST up 1.7%. Base metal stocks continue to fall, IGO down 4.2%. Oil and gas stocks sold off slightly, WDS down 0.5% and STO falling 1.2%. In corporate news, S32 served a royalty claim on IGO, never rains eh? NUF warned of challenging times. Been a while since we have heard that. SQ2 prepared to cut jobs falling 2.3%. On the economic front, building approvals disappointed and Chinese factory activity expanded. In Asian markets the Hang Seng is up 1.3%, the Shanghai Composite +0.1%, and the Japanese TOPIX is down 0.6%. Dow Futures up 46 points. NASDAQ Futures up 70 points.

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