(Image by Oleg Gamulinskiy from Pixabay)
(CNBC) -- Stocks fell on Tuesday as the markets struggled to rebound from Monday’s steep sell-off and rates surged as investors braced for further rate hikes from the Federal Reserve.
The S&P 500 tumbled 0.2%, falling further into bear market territory and more than 21% off its high. The Nasdaq Composite rose 0.3% while the Dow Jones Industrial Average dropped 110 points, or 0.4%.
“This is one of the days where the market is going to have to take a wait-and-see attitude and certainly that’s what seems to be happening in the major indices,” said Art Hogan, chief market strategist at National Securities.
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