Listen to this article
Estimated 4 minutes
The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.
A sell-off for stocks is slamming Wall Street after wrapping around the world, as oil prices leap even higher amid worries that the widening war with Iran may do more sustained economic damage than feared.
The S&P 500 dropped 1.6 per cent in midday trading on Tuesday after falling as much as 2.5 per cent in the morning. The Dow Jones Industrial Average was down 840 points, or 1.7 per cent, as of 11:30 a.m. ET, and the Nasdaq composite was 1.7 per cent lower. The S&P/TSX composite index was down by nearly 1,000 points.
It…
