The S&P 500 fell 30 points, or 1.1 percent, to 2,660. "A lot of the companies that are front and center - Alphabet, Apple, IBM - could be significantly limited in the way they export their technology".
The Russell 2000 is down 58.52 points, or 3.8 percent.
Target stock tumbled 11 percent after reporting weaker-than-expected earnings for the third quarter.
Industrial companies also took a beating. SAP, which provides business software and cloud computing services, was down over 1 percent, as was chip maker Infineon Technologies. That's about $900 billion in value lost by just those four companies.
Apple, Microsoft and Amazon, the most valuable companies on the market, sustained some of the worst losses. Investors now value Apple at about $845 billion. The company said sales broke out of a slump and prices also rose.
Three major factors contributed to Tuesday's sell-off, namely the disappointing news about the some big retail names, the continued tech sector sell-off, and the oil price plunge, said analysts. Home improvement company Lowe's gained 2.5 per cent to $88.37 and Nike rose 1.8 per cent to $72.37. Twitter shares sank 3.5 percent.
It sets up the Australian sharemarket for steep falls to open the session on Wednesday, with futures pointing to a 52-point, or 0.9 per cent drop, at the open.
The losses came after benchmark USA oil prices slid 6.6% to US$53.43 (RM223.84) per barrel, the lowest level in more than a year, amid worries over excess supply. Gold gained 0.6 per cent to $1,228 an ounce.
Crude prices have plunged since early October as global stockpiles surged.
Saudi Arabia and other countries started producing more oil after the Trump administration announced renewed sanctions on Iran, Ms. Nixon noted.
BONDS: Bond prices fell. That sent interest rates higher, which helped banks.
Amazon rose 1.4 per cent to $1,516.73 and Facebook jumped 1.8 per cent to $134.75.
PG&E stock fell 4.8 percent to $23.21. Advancing issues outnumbered decliners by a 2.62-to-1 ratio on the Nasdaq. The yield on the 10-year Treasury note held steady at 3.07 percent.
US crude rose 2.7 percent to $54.87 per barrel.
The dollar rose to ¥112.80 from ¥112.54. The euro edged up to $1.1403 from $1.1399.
France's CAC 40 gave up 0.8% and Germany's DAX slid 0.9%.
In Asia, Japan's benchmark Nikkei 225 dropped 0.4 per cent and the Kospi in South Korea was down 0.3 per cent. Hong Kong's Hang Seng index rose 0.5 per cent. Eastern time. The benchmark index has fallen 9.5 percent from its record high two months ago.
"The ability to predict what is going to happen on each ball is what keeps them one step ahead of the batsman most of the times". South Africa did it for a while and other than these two, in the last five-six years, you tell me which team has travelled well.
The company said its internal investigation also found Ghosn had used company assets for personal purposes. Nissan said it was providing information to the prosecutors and cooperating with their investigation.
Smith is earning $14.7 million this season and $3.8 million of his $15.6 million salary for next season is guaranteed. The Cavs said in their statement Tuesday, "They are working with JR and his representation regarding his future".
Sessions had been recused from overseeing the Russian Federation investigation because of his role as a Trump campaign surrogate. The Counsel says the appointment of has no affect on its investigation, according to a brief filed with a D.C.
Online retail giant Amazon has joined in on the early Black Friday craze, with multiple video game deals now live. Every year, Black Friday seems to start earlier, and 2018 is no exception to that rule.
The RBI has contended that this attempt by the government to dip into its reserves can adversely impact macro-economic stability. However, the board chose to retain the capital adequacy ratio or CRAR at 9% against 8% prescribed by Basel III norms.
But while the letter indicates that Pelosi has a math problem, there are already signs she may be able to overcome the opposition. There are only sixteen signatures, including newsworthy newcomers like Anthony Brindisi of NY and Joe Cunningham of SC .
Indian media reports said the American was on an adventure trip to the islands and his body had been spotted by the fishermen. Attempts by Indian census officials to count them from a distance have put their number at fewer than 100.
Floersch has a spinal fracture, according to a medical report released by her team, the Netherlands-based Van Amersfoort Racing. Renault Formula 1 junior driver Sacha Fenestraz took his place on the podium after he crossed the line in third spot.
We shared it earlier today and highlighted a lot of the great deals that will be available before Black Friday even gets here. More importantly, this is the first sale we've ever seen on Amazon's just-released Fire TV Stick 4K.
Oil prices rise after 6% plunge, but market on edge
USA crude production C-OUT-T-EIA has soared nearly 25 percent this year, to a record 11.7 million barrels per day (bpd). Brent crude sank to little more than $62 a barrel, its lowest level since last December.
Jarryd Hayne arrested over sexual assault allegations
Hayne's future in the NRL was already in limbo with the off-contract star yet to be offered a new deal by the Parramatta Eels. Hayne was placed in police custody on Monday afternoon before being granted bail at 2am on Tuesday morning.
Google finally launches Night Sight for Pixel cameras
The UK mobile network is throwing in a Google Home Mini smart speaker with the Pixel 3 as part of its pre-Black Friday sales. If there's no motion and the shake is less, "Night Sight" will take more time to capture an image and denoising it.