Wall Street sells off amid Fed rate hike jitters

Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.

The Dow Jones industrial average fell 180.73 points, or 1.02 percent, to 17,529.98, the S&P 500 lost 19.45 points, or 0.94 percent, to 2,047.21 and the Nasdaq Composite dropped 59.73 points, or 1.25 percent, to 4,715.73.

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Posted in: Indian Market Tips