In Washington, several Republicans will vote with Democrats to wrap up debate on the sweeping reform of financial regulations and move toward final passage, Senate Majority Leader Harry Reid said.
Officials in Germany added to the uncertain future for banks when they suddenly moved to ban naked short selling in the stocks of the country's 10 most important financial institutions. Naked short selling occurs when an investor sells shares without borrowing them first.
The Dow Jones industrial average <.DJI> fell 114.88 points, or 1.08 percent, to 10,510.95. The Standard & Poor's 500 Index <.SPX> lost 16.14 points, or 1.42 percent, to 1,120.80. The Nasdaq Composite Index <.IXIC> shed 36.97 points, or 1.57 percent, to 2,317.26.
NYMEX-NEW YORK, May 18 (Reuters) - U.S. crude oil futures rose sharply on Tuesday as concerns about Europe's debt crisis receded and helped crude oil futures bounce after falling to a five-month low the previous session.
On the New York Mercantile Exchange at 10:06 a.m. EDT (1406 GMT), June crude
CBOT-CHICAGO, May 18 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
CBOT-SOYBEANS - July
CBOT-SOYOIL - July
FCPO-JAKARTA, May 18 (Reuters) - Malaysian palm oil futures closed higher on Tuesday, tracking a rebound in crude oil, traders said, after hitting the lowest level in nearly four months the previous day.
Exports of Malaysian palm oil products were expected to climb further, also lifting market sentiment.
The benchmark August crude palm oil futures
REGIONAL EQUITIES-COLOMBO, May 18 (Reuters) - The Thai stock market recovered on Tuesday from a one-month low as anti-government protesters agreed to negotiations to end a two-month political crisis, while Singapore and Indonesia gained on bargain hunting.
Thai shares <.SETI> rose 0.9 percent and Singapore <.FTSTI> added 0.4 percent, erasing early losses. Indonesia <.JKSE> closed half a percent firmer.
But Malaysia <.KLSE> fell 0.3 percent, Philippines <.PSI> lost 0.7 percent, and Vietnam <.VNI> slid 0.6 percent.
Southeast Asia's biggest telecoms group Singapore Telecommunications
Malaysia fell for third session led by 1.3 percent fall in Malaysia's largest lender Maybank