U.S. Stocks Open Lower Amid Rate-hike Fears

U.S. stocks opened sharply lower on Tuesday amid fears that the Federal Reserve will begin raising interest rates this year, diverging from other central banks around the globe. The surging dollar hurt commodities, while investors piled into Treasurys, sending yields on the 10-year note sharply lower. The S&P 500 opened 16 points, or 0.8%, lower to 2,063.43. The Dow Jones Industrial Average dropped 139 points, or 0.8%, to 17,848.47. The Nasdaq Composite began the day down 44 points, or 0.9%, at 4,898.88.