Stocks dropped on Tuesday as Wall Street was under pressure from worries about the status of the world economy and a reduction in the value of the banks.
A 306-point decline, or 0.8%, occurred in the Dow Jones Industrial Average. By 0.9% and 0.8%, respectively, the S&P 500 and Nasdaq Composite both declined.
As a result of China’s unexpected rate cut and the country’s central bank’s dismal data, sentiment was negative throughout the world.
Source (CNBC)
