European shares, currency tumble, Dow Jones loses 129 points
NEW YORK, New York - U.S. stocks gyrated on Tuesday, with major indices tumbling more than two percent before regaining some ground.
The U.S. dollar soared while the price of oil fell below $100 a barrel, sparking recession fears. The British pound dived after the ministers for finance and health quit the Boris Johnson government.
The euro hit a two-decade low.
The Dow Jones finished the day with a 12