Wall Street stocks tumbled for a second straight session on Tuesday as worries about chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.[NEW YORK] Wall Street stocks tumbled for a second straight session on Tuesday as worries about chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.The broad-based S&P 500 dropped 3.1 per cent to 2,736.56, while the tech-rich Nasdaq Composite Index sank 3.
A day after its historic slide into negative territory amid a supply glut, US oil futures finished in positive territory. But the market remained under heavy pressure due to a supply glut as petroleum demand sinks due to coronavirus shutdowns. Besides the shocking and historic turmoil in the oil market, stocks have also been pressured by uncertainty over the coronavirus and when the US caseload will begin to decline, said Art Hogan, chief market strategist at National Securities.
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