10 Mar 2015
US stocks end sharply lower
FXStreet (Córdoba) - US stocks ended sharply lower on Tuesday in a day marked by dollar strength amid growing speculation the Federal Reserve could start raising rates sometime mid-year.
The Dow Jones Industrial Average lost 1.9% to 17,662, posting its largest one-day fall in 5 months. The S&P 500 fell 1.7% to 2,044, while the Nasdaq also shed 1.7% and ended at 4,859.
Both the S&P 500 and the DJIA erased YTD gains and turned negative for the year, pulling back from record highs.
Meanwhile the dollar strengthened across the board. EUR/USD fell to a fresh 12-year low sub 1.0700 also weighed by European Central Bank bond purchases and renewed concerns about Greek debt situation.
The Dow Jones Industrial Average lost 1.9% to 17,662, posting its largest one-day fall in 5 months. The S&P 500 fell 1.7% to 2,044, while the Nasdaq also shed 1.7% and ended at 4,859.
Both the S&P 500 and the DJIA erased YTD gains and turned negative for the year, pulling back from record highs.
Meanwhile the dollar strengthened across the board. EUR/USD fell to a fresh 12-year low sub 1.0700 also weighed by European Central Bank bond purchases and renewed concerns about Greek debt situation.