US stocks dropped on Tuesday as a selloff in commodities dragged down materials companies while Volkswagen suppliers' shares dropped following the German carmaker's emissions scandal. S&P materials, down 1.8 percent, led the decline for the S&P 500, but the selloff was broad-based, with all 10 major sectors lower.
Shares of Newmont Mining were down 6.3 percent at USD 15.59.
Lingering worries about slower growth in China pushed commodities to two-week lows, with copper prices CMCU3 and industrial metals leading losses.
US crude oil CLc1 also settled lower. News that Volkswagen admitted to cheating on vehicle emission tests sparked a global selloff in auto stocks.
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Shares of Newmont Mining were down 6.3 percent at USD 15.59.
Lingering worries about slower growth in China pushed commodities to two-week lows, with copper prices CMCU3 and industrial metals leading losses.
US crude oil CLc1 also settled lower. News that Volkswagen admitted to cheating on vehicle emission tests sparked a global selloff in auto stocks.
For More Information :Intraday Trading Tips, Intraday Stock Tips,F&O tips,Stock Future Tips, Intraday Tips ,Option Trading Tips,Stock Option Tips,Future & Option Tips,option tips
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