Dow Jones deepens losses, sheds 400 points

The main US stock indices fell Tuesday, to deepen losses and end a several sessions winning streak.

Investors focused on the lingering uncertainty over the coronavirus, especially after White House health advisor Anthony Fauci stressed that the US is still "knee-deep" in the first wave of the pandemic, and the World Health Organization warnings that the pandemic has not reached its peak yet.

The US Department of Labor revealed recently a strong rise in the employment rate during May, and showed that layoffs have slowed significantly.

This came after the department unveiled on Thursday that the economy has added 4.8 million new jobs in June and unemployment fell to 11.1%.

Otherwise, Fed officials have warned that the US economy still needs more support and stimulus from the Congress.

To the oil market, West Texas Intermediate crude slipped less than 0.1% to close at $40.62 a barrel, after it hit a day high of $40.9 and a low of $39.9.

Brent also slipped less than 0.1% to $43.08 a barrel, with a high of $43.4 and a low of $42.4.

As for stocks, Dow Jones fell 1.5% or 397 points to close at 25,890, with a day high of 26,174 and a low of 25,866.

Nasdaq fell 0.8% or 90 points to 10,344, after hitting a high of 10,518 and a low of 10,337.

S&P 500 fell 1.1% or 34 points to 3,145, with today high at 3,184 with a low of 3,142.