Stocks Ended Sharply Lower, Oil Futures Fell

U.S. stocks ended sharply lower on Tuesday, with the S&P 500 dropping to the lowest level in a month and the Nasdaq sliding 4%, as tech rout continued. The Dow Jones Industrial Average dropped 632.42 points, or 2.25%, to 27,500.89. The S&P 500 fell 95.12 points, or 2.78%, to 3,331.84. The Nasdaq Composite tumbled 465.44 points, or 4.11%, to 10,847.69.

Oil futures fell Tuesday to their lowest settlement since June, unable to shake off worries about crude demand due to a continued rise in coronavirus cases globally. West Texas Intermediate crude for October delivery fell $3.01, or 7.6%, to $36.76 a barrel. November Brent crude lost $2.23, or 5.3%, at $39.78 a barrel.