23.09.2015 - Wall Street drops as commodities weigh
US stocks dropped on Tuesday as a selloff in commodities dragged down materials shares and Volkswagen suppliers' shares dropped following the German carmaker's emissions scandal. S&P materials, down 1.8 per cent, led the decline for the S&P 500, but the selloff was broad-based, with all 10 major sectors lower. More worries about slower growth in China pushed commodities to two-week lows, with copper prices and industrial metals leading losses. US crude oil also settled lower. Shares of Volkswagen suppliers BorgWarner, Honeywell and Delphi Automotive fell after the German carmaker admitted to cheating on vehicle emission tests...............................................Full Article: Source
Print