The US stock market is falling again on Tuesday, following a sell-off that swept Asia and Europe, as Nvidia, bitcoin and other Wall Street stars keep swinging on worries that their prices shot too high.

The S&P 500 dropped 0.7 per cent and pulled further from its all-time high set late last month. The Dow Jones was down 458 points, or 1 per cent, and the Nasdaq composite was 1 per cent lower.

The Australian sharemarket is set to edge lower, with futures at 4.51am AEDT pointing to a slide of 6 points, or 0.1 per cent, at the open. The ASX dove 1.9 per cent on Tuesday. The Australian dollar was trading at US65.13¢ at 5.12am AEDT.

Technology stocks were the biggest weights on the market. Microsoft fell 3.2 per cent and it was the heaviest force driving the market lower. Amazon.com fell 3

See Full Page