U.S. Stocks Sell Off As Dollar Spikes

U.S. stocks sold off on Tuesday as a sharp increase in the dollar spurred investors to dump riskier assets such as equities and commodities, while sending them into havens such as Treasury bonds. The S&P 500 closed 21.86 points, or 1%, lower at 2,104.20. The Dow Jones Industrial Average dropped 190.48 points, or 1%, to 18,041.54. The Nasdaq Composite ended the session down 56.61 points, or 1.1%, at 5,032.75.