Dow Suffers 388-Point Drop After Economic Data Disappoints
Disappointing economic data pushed Wall Street's major indices lower for Tuesday's session. The Dow fell 388 points for its worst day since March; the Nasdaq logged a triple-digit deficit to close at its lowest level since May; and the S&P 500 closed below 4,300 for the first time since June. The VIX, meanwhile, jumped for its highest close since May.
Crude, Bullion Futures Both Step Back
Oil futures rose Tuesday, as investors continued to weigh the global economic outlook. Crude for November delivery added 71 cents, or 0.8%, to settle at $90.39 per barrel.
Gold futures retreated amid rising Treasury notes and a stronger U.S. dollar. December-dated gold dropped $16.80, or 0.9% to close at $1,919.80 an ounce on the day.
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