U.S. equity markets fell sharply Tuesday as sliding oil prices weighed on investor sentiment and the Senate prepared to extend more relief for small businesses.

U.S. equity markets fell sharply Tuesday as sliding oil prices weighed on investor sentiment and the Senate prepared to extend more relief for small businesses after a stalemate that left some owners facing ruin. The Dow Jones Industrial Average tumbled 515 points, or 2.18 percent, in the opening minutes of trading. The S&P 500 and Nasdaq Composite dropped 1.76 percent and 1.2 percent, respectively.

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