The Dow Jones Industrial Average fell 2.05%, the S&P 500 lost 2.57% and the Nasdaq Composite dropped 2.61%. MSCI's benchmark for global equity markets fell 2.04% to 652.5, while its index for emerging markets stocks fell 1.25%. The pan-European STOXX 600 index lost 1.16% after the German government slashed its growth forecast for this year,
NEW YORK: Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal.
Oil prices were little changed as demand concerns were mostly offset by a large drop in U.S. crude inventories.
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