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Global Stocks Drop as Oil Market Shudders – The Wall Street Journal

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Global Stocks Drop as Oil Market Shudders – The Wall Street Journal

The Dow Jones Industrial Average dropped more than 600 points Tuesday, battered by plunging oil prices, in the latest bout of market turbulence sparked by the coronavirus pandemic. Major indexes opened sharply lower and continued tumbling in afternoon trading as the selloff in oil accelerated. The stock market’s losses were broad: 29 of the 30…

Global Stocks Drop as Oil Market Shudders – The Wall Street Journal

The Dow Jones Industrial Average dropped more than 600 points Tuesday, battered by plunging oil prices, in the latest bout of market turbulence sparked by the coronavirus pandemic.

Major indexes opened sharply lower and continued tumbling in afternoon trading as the selloff in oil accelerated. The stock market’s losses were broad: 29 of the 30 stocks in the blue-chip index declined, as did all 11 sectors in the S&P 500. Both indexes suffered their first back-to-back sessions of losses since April 1.

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