Wall St posts biggest daily drop in three months

The S&P 500 lost 143.15 points, or 2.06%, to end at 6,796.86 points, while the Nasdaq gave up 561.07 points, or 2.39%, to 22,954.32. The Dow fell 870.74 points, or 1.76%, to 48,488.59.

NEW YORK: All three major Wall Street indices ended Tuesday with their biggest one-day drops in three months, in a broad selloff triggered by concerns that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility.

The risk-off trade was pervasive, helping vault gold to fresh record highs, and pushing up debt costs with US Treasuries wobbling under renewed selling pressure. Bitcoin, which can find favor when traditional markets waver, fell more than 3%.