Wall Street US stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike.
The selloff was broad, with all 10 major S&P 500 sectors in the red and every Dow Jones industrial average component except Apple declining.
The energy index’s 2.86-percent slide led declines as oil prices tumbled as much as 3 percent after both the IEA and OPEC said the global crude glut would persist.
The Dow Jones industrial average fell 1.41 percent to end at 18,066.75 points and the S&P 500 lost 1.48 percent to 2,127.02. The Nasdaq Composite dropped 1.09 percent to 5,155.26.
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