Dow Logs Nearly 2-month Closing Low As Rate-hike Fear Sparks Sell-off

By Markets MarketWatch Pulse

The Dow Jones Industrial Average on Tuesday sank to its lowest level in almost two months after comments from Federal Reserve officials fueled fears that the U.S. central bank would resume raising benchmark rates as early as June. The Dow tumbled 180 points, or 1%, to 17,529, marking its lowest close since March 28. Nearly all of the Dow's 30 components finished in negative territory, led by a 2.5% slide in Home Depot Inc. . Shares of Caterpillar Inc. and DuPont closed in positive territory. The S&P 500 index ended down 19 points, or 0.9%, to 2,047, while the tech-heavy Nasdaq Composite Index finished off 59 points, or 1.3%, at 4,715.

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