US stocks take a nose dive after Trump halts stimulus talks

The Dow Jones Industrial Average fell 375.88 points, or 1.34%, to 27,772.76, the S&P 500 lost 47.68 points, or 1.40%, to 3,360.95, and the Nasdaq Composite dropped 177.88 points, or 1.57%, to 11,154.60. The pan-European STOXX 600 index rose 0.07% and MSCI's gauge of stocks across the globe shed 0.75%.

NEW YORK: Wall Street took a nosedive late in the session on Tuesday, reversing solid gains to close deep in negative territory after President Donald Trump announced he was calling off talks on coronavirus relief legislation until after the Nov. 3 election.

All three major U.S. stock indexes closed more than 1% lower.