Claman on Call: Ugly Day for Stocks

By Markets FOXBusiness

It was an ugly day on Wall Street as the Dow and S&P 500 had their sharpest drop since Jan. 5 -- that drop erased all of their 2015 gains. The Dow fell 332 points Tuesday, while the S&P 500 fell 35 points. Oil also fell to a two-week low ahead of Wednesday's Energy Information Administration (EIA) report. Inventories are expected to rise to a new high of almost 450 million barrels. A rallying U.S. dollar was the main driver behind the oil sell-off Tuesday. The dollar rose to a 12-year high versus the euro.

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And Hillary Clinton finally addressed the controversy of using a personal e-mail account as Secretary of State. Clinton said she fully complied with all the rules while in office and has since handed over all work-related emails to the State Department. Former Secretary Clinton said that while she has allowed work emails to go public, her private emails and server will remain private. In hindsight, Clinton said it would have been better had she used an official government e-mail for work.

Now, here is what you need to watch for tomorrow: The Federal Reserve will release more details on those bank stress tests and will decide whether the banks get to raise dividends or issue stock buy-backs. That's at 4:30pm ET. 

Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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