The Dow Jones Industrial Average sank 505 points, or 2 percent, to 24,513. The S&P 500 Index hit a level almost 10 percent below its September record close before recovering.
Analysts began warning about the potential for a recession next year.
Nervous investors have been dumping shares of USA companies for weeks, as worries about the global economy mount due to obstacles ranging from the fallout from the U.S.
Retail and tech stocks were some of worst performers in early trading.
"A resolution doesn't seem to be coming in the short term", she said. "A lot of the companies that are front and center - Alphabet, Apple, IBM - could be significantly limited in the way they export their technology".
Presidents Donald Trump and Xi Jinping are due to meet this month at a gathering of the Group of 20 major economies. The Dow Jones Industrial Average briefly fell 500 points.
All eyes were on Apple, whose shares were down 3 percent to trade at $180.07, adding to previous losses amid reports of weakened iPhone demand.
Wall Street investors lately have been quick to bail out of companies that show rising costs are eating into profits, and that was the case with retailers Tuesday.
Among tech stocks, Facebook sank 5.5 percent to $131.85, Microsoft fell to $104.44 and chipmaker Nvidia dropped another 11 percent to $146.38. Hong Kong's Hang Seng shed 2 percent to 25,840.34 and Seoul's Kospi retreated 0.9 percent to 2,082.58. Facebook, another longtime investor darling that has been falling out of favor, also fell sharply. SAP, which provides business software and cloud computing services, was down over 2 percent. In Paris, shares of Nissan's partner Renault dropped 8.4 percent. Devon Energy lost 7.4 percent. Brent crude, used to price global oils, fell 6 per cent to $US62.80 per barrel in London. The stock has plunged 51 percent since November 8 as investors try to assess the damages the company might have to pay if it's held liable for the blaze.
Amazon dropped to $1,509 and Nike slid 3.2 percent to $72.36.
Brent crude, used to price worldwide oils, was little changed at $66.79 a barrel in London.
The Dow is down 253.58 points, or 1 percent.
Schlesinger advises that people who have invested in stocks look at the numbers with a level head: "Don't worry about the big numbers that you're seeing, these moves are going to be really tough for you to weather day to day, try to just get your head on straight". The yield on the 10-year Treasury note remained at 3.06 percent. The two countries have raised tariffs on billions of dollars of each other's goods in a fight over China's technology policy. The dollar slipped to 112.54 yen from 112.83 yen. The euro declined to $1.1452 from $1.1454.
The Brazilian was forced off the pitch with a groin problem during his nation's global friendly against Cameroon at Stadium MK. The club revealed that Neymar has suffered a groin strain, whilst Mbappe has been diagnosed with a bruised right shoulder.
The retailer has stacked an Xbox One X bundled with the latest November released Battlefield V at just United States dollars 430. While the Xbox One is a bit behind the PlayStation 4 in sales, it's still one of the best home-theater devices on the market.
Thousands of people have been evacuated from a wildfire in Butte County, California , which is north of Sacramento. The search also went on for the missing. 'You did it! You did it!' she says to her dad.
At the same time, they are one of the league's worst defensive units, allowing 116.9 points per game, good for 29th in the league. Since the heated practice, the Wizards have lost two games to the Brooklyn Nets and Portland Trailblazers.
The JR Smith era in Cleveland has come to an end as the wine and gold have announced that swish will no longer be with the team. As Love stated, "Swish", as Smith is known, did become a fan favorite in Cleveland.
The president also never fails to mention that Saudi Arabia is a U.S. ally - called it a "spectacular ally" on Saturday. Earlier today, the State Department also issued a statement casting doubt on the CIA's findings as reported by WaPo.
Speaking to the camera, she said: "I was praying please keep Emily safe". "It's lovely that he trusted me with it". She's facing the first trial of the 2018 series of I'm A Celebrity .Get Me Out Of Here.
Taking up to Twitter, where one of the condom brands wrote, "Congrats Deepika and Ranveer for officially putting a ring on it". Bollywood's most favourite couple has finally united and looks like they have never been this happier before.
The Steelers drafted Bell with the 48th overall pick in the 2013 draft, won over by his youth, size and versatility. His teammates stressed it was no big deal, confident Bell would show up in time for the regular-season opener.
Shots fired near Mercy Hospital
The clinic's employees and patients locked the doors and hid in the back of the clinic. There were "Reports of multiple victims" in the attack, Guglielmi said in a tweet .
Trupti Desai to abandon Sabarimala visit after protests
Desai landed in Kochi airport in an Indigo flight at 4.45 am on Friday, on her to way to visit the Sabarimala temple . She extended her gratitude to the media organizations for supporting her during her fight for gender equality.
Democrat Kyrsten Sinema Wins Battle to Replace Sen. Jeff Flake
McSally's attacks on Sinema reached back more than 15 years to when Sinema was a Green Party spokeswoman and liberal activist. McSally lost her first race in Arizona's 2nd congressional district in 2012 when she was narrowly defeated by Democratic Rep.
Marvel Legend Stan Lee Passes Away at 95
Ryan Reynolds , the face of Marvel's cynical superhero Deadpool , summed up the general sentiment with these words: "Damn". Paramedics responded to Lee's house in the Hollywood Hills early Monday morning for a medical emergency.