S&P 500 drops 109.63 points, or 1.48%, closing at 7,277.02 in a broad market sell-off.

Wall Street ends sharply lower as inflation fears and Trump's Iran threats rattle markets. S&P 500 -1.62%, Nasdaq -1.98%, Dow -1.87%.

US stocks ended sharply lower on Tuesday, with the S&P 500 falling 1.62%, the Nasdaq dropping 1.98%, and the Dow Jones declining 1.87%, as rising inflation and Trump's threats against Iran weighed on markets. European stocks also closed mostly lower.

Dow Jones plunges 899.86 points, or 1.77%, closing at 49,972.25 — a sharp decline amid market volatility.

Dow Jones Industrial Average unofficially plunged 899.86 points, or 1.77%, closing at 49,972.25.

NASDAQ drops 472 points, or 1.84%, to close at 25,206.81 in unofficial trading.

NASDAQ unofficially fell 472.01 points, or 1.84%, closing at 25,206.81.

Oil surges nearly $3 as Trump threatens to attack Iran 'very hard' without nuclear deal, US crude inventories drop more than expected

Oil prices rose nearly $3 a barrel after President Trump said the US is going to attack Iran 'very hard' if no peace deal is finalized and as market data showed a larger-than-expected drawdown in US crude inventories.