The global equity rout extended in U.S. exchanges after Asian and European markets tumbled, sending a gauge of world stocks toward the biggest three-day slide since 2015. Treasuries steadied and the dollar rose.
The S&P 500 Index dropped at the start of trading Tuesday, the day after falling the most since 2011. The Dow also declined.
Earlier, the Stoxx Europe 600 Index slumped the most since June 2016, and Japan’s Nikkei entered a correction as most of the shares on the 1,000-plus member MSCI Asia Pacific Index declined. Amid the sea of red, some safe-haven assets, including gold and European bonds, traded higher. Treasury yields swung before nudging higher.
