U.S. Stocks End Sharply Lower Amid Energy-sector Slump, Fed Uncertainty

By MarketsMarketWatch Pulse

U.S. stocks finished lower Tuesday, wiping out the previous session's rally, as falling crude-oil prices and nagging worries about the Federal Reserve's plans for raising interest rates weighed broadly on markets. The S&P 500 index slid 32.04 points, or 1.5%, to 2,127. All 10 of the index's sectors finished in the red, with the energy shares leading declines. The Dow Jones Industrial Average shed 258.39 points, or 1.4%, to 18,066.68, with Chevron Corp. and American Express Co. leading the blue-chip gauge lower. Apple Inc. was the only Dow component to finish higher on Tuesday. The Nasdaq Composite Index sank 56.63 points, or 1.1%, to 5,155.25. It was the stock market's sharpest selloff since Friday, when the Dow closed nearly 400 points lower, its sharpest selloff since the U.K.'s vote to leave the European Union.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below