US stocks extend losses, Dow drops over 250 pts

Shares on the major stock market indexes in the United States sank deeper into the negative territory on Tuesday, after having started the week’s second trading bout mostly below the flatline, with the Dow Jones Industrial Average sliding more than 250 points.

The sentiment was impacted by vaccine uncertainties that seemed to persist worldwide, while upbeat corporate earnings failed to help the traders shrug off the worries caused by the pandemic.

The Dow Jones tumbled 0.73% or 256 points at 11:09 am ET, with the Nasdaq 100 losing 0.60% a minute later. At the same time, the S&P 500 was down by 0.68%. The euro increased by 0.08% versus the dollar, selling for 1.20480 at 11:11 am ET.