U.S. stocks fell sharply on Tuesday, wiping out this year’s gains for the Dow Jones industrial average and the Standard & Poor’s 500 index. Investors are nervous about the likelihood of the first increase in U.S. interest rates in nine years and a plunge in the value of the euro as the dollar appreciates.
The Dow Jones industrial average fell 332.78 points, or 1.9 per cent, to 17,662.94.
The Standard & Poor’s 500 index lost 35.27 points, or 1.7 per cent, to 2,044.16.
The Nasdaq composite fell 82.64 points, or 1.7 per cent, to 4,859.79.
For the week:
The Dow is down 193.84 points, or 1.1 per cent.
The S&P 500 index is down 27.10 points, or 1.3 per cent.
The Nasdaq is down 67.58 points, or 1.4 per cent.
For the year:
The Dow is down 160.13 points, or 0.9 per cent.
The S&P 500 index is down 14.74 points, or 0.7 per cent.
The Nasdaq is up 123.74 points, or 2.6 per cent.