New York —
Global stocks remained volatile for a second day Tuesday, moving lower as concern mounted among investors that the widening conflict in the Middle East could escalate further.
The Dow sank 597 points, or 1.2%, paring some losses after tumbling more than 1,200 points earlier. The S&P 500 sank 1.35% and the Nasdaq moved 1.46% lower, both partially recovering from declines of more than 2%.
Wall Street’s fear gauge, the VIX, surged 12% and hit its highest level in three months.
Stocks in Europe and Asia were lower for a