Stocks posted their worst day in nearly three months and the CBOE Vix volatility index <.VIX>, Wall Street's barometer of investor fear, jumped about 31 percent, its biggest one-day move since October 2008.
The Dow Jones industrial average <.DJI> dropped 213.04 points, or 1.90 percent, to 10,991.99. The Standard & Poor's 500 Index <.SPX> slid 28.34 points, or 2.34 percent, to 1,183.71. The Nasdaq Composite Index <.IXIC> lost 51.48 points, or 2.04 percent, to 2,471.47.
NYMEX-NEW YORK, April 27 (Reuters) - U.S. crude futures were down sharply on Tuesday on expectations of another increase in crude and refined product inventories in weekly industry and government reports.
The euro's fall against the dollar on uncertainty about financial aid for debt-laden Greece also pressured crude futures as investors sought less risky assets.
On the New York Mercantile Exchange at 9:50 a.m. EDT (1350 GMT), June crude
CBOT-CHICAGO, April 27 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
NOTE: Chicago Board of Trade corn and soybean futures closed lower as Portugal and Greece's debt rating downgraded, hitting the stock market, boosting the dollar and weighing on crude oil.
CBOT-SOYBEANS - May
CBOT-SOYOIL - May
FCPO-KUALA LUMPUR, April 27 (Reuters) - Malaysian palm oil futures fell on Tuesday after hitting a fresh two-week high as traders booked profits but losses were limited by the weaker ringgit currency.
The benchmark July crude palm oil contract
Overall volumes shot up to 14,482 lots of 25 tonnes each from the usual 10,000 lots in choppy trade. Malaysia's ringgit currency also eased after it hit the highest level in two years on Monday, giving some respite for refiners whose margins get eroded as crude palm oil feedstock is priced in ringgit.
REGIONAL EQUITIES-COLOMBO, April 27 (Reuters) - Thai shares closed weaker on Tuesday because of political woes despite hopes of better earnings, while Singapore fell due to selling pressure ahead of upcoming IPOs.
Singapore <.FTSTI> lost 0.4 percent, Thailand <.SETI> fell 0.3 percent, Indonesia <.JKSE> closed 0.2 percent down from a record high in the previous session, and Malaysia <.KLSE> edged down after touching one-week highs on Monday.
In Kuala Lumpur, the index <.KLSE> inched down 0.03 percent, led by fall in banking shares, with a 0.3 percent fall in both CIMB Group