Shares fell broadly in early trading on Wall Street on Tuesday, with major indexes continuing to fall as investors worried about the health of the economy.
The Standard & Poor’s 500 Index was down 1.8% as of 10:10 am ET. More than 95 percent of the benchmark stocks fell on a weak open after the long Independence Day weekend.
The Dow Jones Industrial Average fell 615 points, or 2 percent, to 30,515, while the Nasdaq fell 1.3 percent.
Energy companies suffered some of the biggest losses, with U.S. oil prices down 5 percent, ExxonMobil shares down 2.8 percent, and JPMorgan Chase shares down 2.4 percent. Tesla shares also fell 3.4 percent.
European stock markets were not so lucky, as they also showed a decline.