By John Towfighi, CNN
Photo: Richard Drew/AP via CNN Newsource
US stocks fell sharply as investors continued to express concern about President Donald Trump's clash with European leaders over ownership of Greenland.
The Dow was down 842 points, or 1.71%, in early Tuesday afternoon trading. The broader S&P 500 fell 1.88%. The tech-heavy Nasdaq Composite slid 2.13%. The S&P and Nasdaq wiped out their gains for this year.
The S&P and Dow were set for their worst day since October. The Nasdaq was set for its worst day since November.
The VIX index, commonly known as the fear gauge, surged 27% and rose above 20 - a level that signals elevated volatility - for the first time since November.
Investors resumed the so-called "Sell America" trade, selling off the US dollar and bonds. The dollar index, which measures the dollar's strength against six major currencies, fell 0.9% - a huge move in currency markets.
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