PressTV-US stocks losses deepen amid global sell-off

Wall Street stocks tumbled early Tuesday amid mixed corporate earnings and mounting geopolitical unease over Saudi Arabia and Italy’s budget standoff with the European Union.

The Dow Jones Industrial Average was down 1.7 percent to 24,880.98, near 1445 GMT, after earlier sinking more than two percent.

The broad-based S&P 500 fell 2.0 percent to 2,701.57, while the tech-rich Nasdaq Composite Index lost 2.4 percent to 7,272.54.

The losses added to declines posted in stock markets around the world, with several leading bourses across Asia and Europe also down close to two percent or more.

Analysts cited a speech by Turkish President Recep Tayyip Erdogan, who said Saudi Arabia had carried out the premeditated murder of journalist Jamal Khashoggi that has prompted international condemnation.

Another worry is Italy’s budget standoff with the European Union, which has revived worries about the stability of the trading bloc.

In New York,…

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