The Dow .DJI slumped 1.21 percent to 17,711.12 points, its biggest one-day drop since February 11.
U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.
The consumer discretionary index .SPLRCD fell 1.98 percent, notching its worst day in three months, with all but three of its 88 components losing ground.
Asian shares fell on Thursday (May 12) following a dismal day on Wall Street, while crude oil futures gave back some of their overnight gains after jumping on an unexpected fall in US crude inventories.
In Asia, Japan's Nikkei stock index skidded 0.9 per cent. South Korea's Kospi index lost 0.42 per cent while Australia's S&P/ASX 200 Index fell 0.45 per cent.
Crude oil futures were lower in Asian trading after getting a lift when the US government unexpectedly said crude inventories fell for the first time since March.
Tokyo stocks opened lower Thursday, tracking a weak performance on Wall street overnight and a strong yen that weighed on export-related shares.
Reference: Reuters, Kitco
Thai
Eng