MSCI's gauge of stocks across the globe shed 2.08% following broad declines in Europe and modest gains in Asian markets. On Wall Street, the Dow Jones Industrial Average fell 632.75 points, or 2.25%, to 27,500.56, the S&P 500 lost 95.14 points, or 2.78%, to 3,331.82 and the Nasdaq Composite dropped 465.44 points, or 4.11%, to 10,847.69.
NEW YORK: Global equity markets and oil prices tumbled on Tuesday as a sharp sell-off in technology stocks and rising concerns over Britain leaving the European Union without a trade agreement threatened the rally that had pushed world shares near record highs despite the coronavirus pandemic.
Fresh tensions between Washington and Beijing came into focus but appeared to have little impact, after U.S. President Donald Trump again raised the idea of decoupling the U.S. and Chinese economies.
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