The new date is August 2, 2022.
Ahead of Nancy Pelosi's planned visit to Taiwan on Tuesday, which has led to rising tensions with China, and that has rattled investors, global stocks tanked.
The rising U.S.-China tensions are making investors jittery.
The S&P 500 lost 0.6% and the tech-laden Nasdaq lost 4.8% in the first minutes of trading.
The global markets fell on Tuesday ahead of a planned visit to Taiwan by Nancy Pelosi, the speaker of the US House of Representatives.
With Pelosi expected to arrive in Taiwan on Tuesday evening local time to meet with government officials there, the Chinese government has warned her not to do so.
In addition to condemning Pelosi's upcoming visit, Beijing sent warplanes to buzz the dividing line of the Taiwan strait in a show of force.
The Hang Seng index in Hong Kong fell 2% on Tuesday as Chinese stocks fell more than 2%.
With Taiwan serving as an international hub for Semiconductor Manufacturing, global Semiconductor stocks fell, with the likes of Nvidia and Micron Technology falling.
Craig Erlam, senior market analyst at Oanda, said that Nancy Pelosi's trip to Taiwan generated a lot of headlines at a time of strained ties between the US and China. Just hours ahead of Pelosi's expected arrival, threats from Beijing are making investors very nervous.
Caterpillar's shares fell 3% after the construction and manufacturing giant reported lackluster results. After the company reported higher-than- expected revenue and positive quarterly free cash flow, its shares jumped 15%.
According to analysts at JP Morgan, the stock market could rebound after Pelosi lands in Taiwan. Markets may move higher if there is no immediate reaction from China, according to the firm. Military drills in the Taiwan Strait and military plane flyovers of Taiwan were some of the responses from the Chinese.
Oil prices plunge 5% after the best month of the year for stocks.
History shows that stocks could keep rising.
Despite the U.S. GDP Shrinking for a second quarter in a row, experts say there is no recession yet.
The travel industry is on fire.
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