NEW YORK–US stocks fell sharply Tuesday in a sell-off analysts attributed to anxiety about a Wall Street correction and worries that the conflict in Ukraine could worsen.
The Dow Jones Industrial Average dropped 139.81 points (0.84 percent) to 16,429.47.
The broad-based S&P 500 fell 18.78 (0.97 percent) to 1,920.21, while the tech-rich Nasdaq Composite Index sank 31.05 (0.71 percent) to 4,352.84.
MaceBlicksilver, director at Marblehead Asset Management, said the losses were spurred by the same negative sentiment that prompted big drops in US stocks last week.
More pundits have predicted a possible drop of 10 percent or more…Keep on reading: US stocks fall on …read more
Source: The Philippine Daily Inquirer
