U.S. stocks closed sharply lower on Tuesday following steep declines in global equity markets and a renewed slide in oil prices. The S&P 500 dropped 36.35 points, or 1.9%, to 1,903.03. The Dow Jones Industrial Average dropped 295.64 points, or 1.8%, to 16,153.54. Meanwhile, the Nasdaq Composite ended the day down 103.42 points, or 2.2%, at 4,516.95.
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