World News | Wall Street, Dollar Tumble as Investors Retreat Further from United States

New York, Apr 21 (AP) US stocks are tumbling as worries about President Donald Trump's trade war and his criticism of the Federal Reserve cause investors to pull further from the United States.

The S&P 500 fell 2.6 per cent Monday and was 16 per cent below its record set two months ago. The Dow Jones Industrial Average dropped 1,000 points, and the Nasdaq composite sank 2.9 per cent.

Also Read | How Did Pope Francis Die? As Roman Catholic Church Head Passes Away, Know Likely Cause of His Death.

Big Tech stocks led the way lower ahead of earnings reports coming this week from Tesla and others. Perhaps more worryingly, the value of the US dollar also sank as a retreat continues from US markets. The yield on the 10-year Treasury briefly topped 4.40 per cent before regressing. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)