Stocks Slumped amid Selloff in Commodity Prices

U.S. stocks slumped on Tuesday as a slump in commodity prices reignited festering worries about slowing global growth. At close, the Dow Jones Industrial Average dropped 179.72 points, or 1.09%, to 16,330.47. The S&P 500 slid 24.23 points, or 1.23%, to 1,942.74. The Nasdaq Composite lost 72.23 points, or 1.50%, to 4,756.72.

Volkswagen has brought forward a meeting of senior supervisory board members to Tuesday evening from Wednesday, with the future of Chief Executive Martin Winterkorn on the line, a German newspaper reported, citing board sources.

Leonardo DiCaprio is joining a campaign to use investment decisions to fight global warming by shedding his own fossil fuel investments.

In the latest sign of the decline of “daily deal” sites, Groupon said Tuesday that it is laying off 1,100 people worldwide, or nearly 10 percent of its workforce, and closing operations in six countries.