The three major US stock market benchmarks recorded substantial losses in unofficial closing figures.
The S&P 500 index saw a notable drop, unofficially closing down 73.10 points, representing a decline of 1.21%, to finish at 5,972.16.
Technology stocks were particularly hard hit, with the NASDAQ Composite index unofficially closing down 279.59 points, a fall of 1.42%, ending the session at 19,382.90.
The Dow Jones Industrial Average experienced the steepest decline among the major indices, unofficially closing down 815.31 points, a significant drop of 1.90%, settling at 42,152.31.
These widespread declines indicate a broad-based selloff across the US equity markets.