(CNBC) – U.S. stocks sank Tuesday amid political turmoil in Italy that sent the euro tumbling and ongoing difficult trade talks with China.
The Dow Jones industrial average fell roughly 390 points – or 1.58 percent – amid losses in Goldman Sachs, Boeing, and J.P. Morgan Chase. At its lows, the index lost more than 500 points, or 2 percent. The S&P 500 fell 1.1 percent, while the Nasdaq composite fell 0.5 percent.
The Dow and S&P 500 fell for the third straight trading session.
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Stocks extended their losses throughout the day as European exchanges closed and the euro fell further against the dollar.