New York Mercantile Exchange: The S&P 500 tumbled 36.35 points, or 1.87 percent, to 1,903.03, according to Xinhua China. The Nasdaq Composite Index shed 103.42 points, or 2.24 percent, to 4,516.95. The Dow Jones Industrial Average slid 295.64 points, or 1.80 percent, to 16,153.54. Oil prices continued to plunge Tuesday, with the U.S. oil settling below 30 U.S. dollars a barrel again, as hopes for a deal between OPEC and Russia on output cuts faded away. With no major economic data due out Tuesday, quarterly results from big companies were in focus. The West Texas Intermediate for March delivery moved down 1.74 dollars to settle at 29.88 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 1.52 dollars to close at 32.72 dollars a barrel on the London ICE Futures Exchange.
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