U.S. stocks fell again following a sell-off that swept Europe and Asia.
The S&P 500 sank 0.8 percent Tuesday after earlier dropping as much as 1.5 percent. The Dow Jones Industrial Average fell 1.1 percent, and the Nasdaq composite sank 1.2 percent.
Nvidia was again the heaviest weight on the market as worries continue that its price shot too high in the frenzy around artificial-intelligence technology. Bitcoin, another former high-flyer, briefly dropped below $90,000.
Stock indexes fell around the world as questions rise about whether stocks have broadly become too expensive and whether the Federal Reserve will keep cutting interest rates.
On Tuesday:
The S&P 500 fell 55.09 points, or 0.8 percent, to 6,617.32.
The Dow Jones Industrial Average fell 498.50 points, or 1.1 percent, to 46,091.74.
The Nasdaq composite fell 275.23 points, or 1.2 percent, to 22,432.85.
The Russell 2000 index of smaller companies rose 7.36 points, or 0.3 percent, to 2,348.74.
For the week:
The S&P 500 is down 116.79 points, or 1.7 percent.
The Dow is down 1,055.74 points, or 2.2 percent.
The Nasdaq is down 467.74 points, or 2 percent.
The Russell 2000 is down 39.49 points, or 1.7 percent.
For the year:
The S&P 500 is up 735.69 points, or 12.5 percent.
The Dow is up 3,547.52 points, or 8.3 percent.
The Nasdaq is up 3,122.05 points, or 16.2 percent.
The Russell 2000 is up 118.58 points, or 5.3 percent.
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