Oil prices keep crumbling, stocks around the world tumble

NEW YORK (AP) — Stocks are falling in midday trading on Wall Street and the collapse in oil prices is deepening as the economic carnage caused by the coronavirus pandemic turns markets upside down. The S&P 500 was down 3.2% and headed toward its second straight day of losses Tuesday. Markets across Europe and Asia had similar drops. Oil prices continued their collapse as traders survey a global economy incapacitated by the virus, which doesn’t need as much fuel to burn. Treasury yields fell, meaning investors are willing to get paid even less to get the safety of owning a U.S. government bond.