Markets Fall on China News, Oil Sell-Off

Lower oil prices and a surprise decision by China to reduce the value of its currency caused American stocks to sink.

The Dow fell 212 points, the Nasdaq lost 65 points and the S&P 500 dropped 20 points. Apple was one of the biggest losers Tuesday, falling over five percent.

Oil settled about four percent lower to to $43.08.

– Anthony Pollreisz