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US stocks follow world markets and oil lower

FXStreet (Mumbai) - The stock markets in the US are painted in red as investors took cues from the oil-driven risk aversion in the European equity markets.

At the time of writing, the Dow Jones Industrial Average (DJIA) traded 264 points or 1.6% lower on the day. The S&P 500 and the Nasdaq were down atleast 1.2% each. The DJIA Oil and Gas index was down 3.3%. All major sectors were trading in the red.

Shares in Chevron and Exxon Mobil were down 3% each. Goldman Sachs was down 3.6%.

The European stocks extended losses following a weak opening on the Wall Street. The Euro Stoxx 50 index now trades 2.7% lower on the day.

WTI down 5%, collapses below $30.00

Crude oil prices are falling further on Tuesday, currently hovering over the critical $30.00 handle per barrel...
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Gold reaches fresh 3-month highs amid risk aversion

Gold climbed to a fresh 3-month high on Tuesday as the yellow metal was underpinned by safe-haven demand amid risk aversion.
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