U.S. stocks and funds are leading the world in the widespread selloff across global financial markets. From the Dow Jones Industrial Average to the Nasdaq Composite Index, American equities are recording greater losses than benchmarks in foreign markets and they are being pummeled by other sectors.
Year-to-date, the Dow has plunged 12 percent, the S&P 500 has slumped nearly 18 percent, and the Nasdaq has cratered about 28 percent.
By comparison, the UK’s FTSE 100 Index is up more than 1 percent, Spain’s IBEX 35 Index has dipped 0.3 percent, the Nikkei 225 Index has lost 7 percent, and the TSX Composite Index has tumbled around 4 percent….