The major US indexes pared losses late in the session.
The S&P and Dow dipped the most in a day since September 28.
Oil prices were poised for a third day of gains following a rise of more than 4 percent last week after Islamic militants seized much of northern Iraq as Baghdad's forces there collapsed.
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month.
The entire selection process of the IOC chairman was shrouded in mediocrity and mystery.
Harvey is the most powerful hurricane to hit the United States mainland in 12 years on Saturday made landfall in central Texas coast with winds of 195 kmph.
The US President told reporters that he and Pompeo are on the same page. "With Mike, Mike Pompeo, we have a very similar thought process. I think it's going to go very well," Trump said.
The Chinese President dethroned Russian President Vladimir Putin as the most influential person on the planet.
It's a packed 5-nation, 9-day, visit for Prime Minister Modi as he heads to Uzbekistan, Kazakhstan, Kyrgyzstan, Turkmenistan and Tajikistan, apart from Ufa in Russia.
Tuesday's was the S&P's worst drop since August 24.
The country may propose pipeline via China when Putin visits this year.
'The pressure on relative performance and the feeling of being left out among many investors may also account for the belief among many that this has to be a technology stock bubble.' 'The feeling of a bubble is also reinforced by the extreme performance gap between growth and value investing.' 'While at first glance, one can only stand back awestruck by the wealth creation delivered by technology stocks globally. It does not seem at all like the internet bubble of 1999-2000, says Akash Prakash.
Monday's drop followed an 8.5 per cent slump in Chinese markets.
'There seem to be no reason why Assad should have launched such an attack when he was gaining acceptability,' says Brigadier S K Chatterji (retd).
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Like Mr Trump, says Kanika Datta, politics tempts many businessmen.
Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
The Dow has never lost more than 800 points in a day.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
Incoming US President Donald Trump has assembled a core team that is -- not surprisingly -- overwhelmingly white and male.
Traders have all but given up attempting to predict where the new-year rout will end
'Ramchandra Guha has sent down an express delivery at Sunil Gavaskar, the great batsman who seldom wore a helmet while facing the fastest of fast bowlers.' 'Gavaskar may have easily ducked the delivery and Guha would have receded in solitude.' 'But by hitting back at Guha, Gavaskar may have started a barrage of unplayable deliveries,' says Sudhir Bisht about his cricketing hero.
Indian oil and gas exploration companies work in silos.
'The surge of Saudi nationalism is the last thing Washington wants,' says Ambassador M K Bhadrakumar.
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
The US is still a place for innovation and entrepreneurship, and it is good to see Indian Americans and immigrants contributing to this in a major way, says K V Seshasayee who visited the US after four years and found the gloom had dissipated.
'It is my duty to give the govt the right price of crude oil.'
India and Japan's effort to form a multilateral group of liquefied natural gas buyers to avoid paying higher prices for the fuel is laudable as an objective but is unlikely to be effective immediately.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
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