U.S. stocks traded lower toward the end of trading, with the Dow Jones index dipping over 700 points on Tuesday.
The Dow traded down 1.81% to 38,096.28 while the NASDAQ fell 2.13% to 15,603.71. The S&P 500 also fell, dropping, 1.79% to 4,931.86.
Wall Street witnessed one of the worst sessions since the beginning of the year, with widespread declines across the board as stocks were hit by the impact of a higher-than-expected inflation report.
The CNN Money Fear and Greed index remained in the "Extreme Greed" zone on Monday.
U.S. stocks closed mixed on Monday, with the Dow Jones index climbing to a fresh high during the session.
Key Takeaways:
Delonix announced a new tie-up with Marriott to bring the U.S. hotel giant’s young Tribute Portfolio brand of independent, boutique-style hotels to China
The move could signal Delonix may attempt to re-list its shares in either New York or Hong Kong, capitalizing on a strong post-pandemic travel rebound in China