Stocks fell on Wall Street Tuesday following their best weekly performance of the year as investors faced continued uncertainty in the wake of Britain's decision to leave the European Union and as tumbling oil prices weighed on energy shares.
U.S government bond yields reached record lows as investors found refuge in the perceived safety of Treasuries and uncertainty from Britain's vote to exit the EU, known as Brexit, fueled worries about a global economic slowdown.
The Dow Jones industrial average .DJI fell 108.75 points, or 0.61 percent, to 17,840.62, the S&P 500 .SPX lost 14.4points, or 0.68 percent, to 2,088.55 and the Nasdaq Composite .IXIC dropped 39.67 points, or 0.82 percent, to4,822.90.
Asian shares wilted and the British pound dived to a three-decade low on Wednesday as the European Union's economic outlook darkened in the Brexit gloom.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent while Japan's Nikkei .N225 dropped almost two percent.
Reference: Reuters
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