U.S. stocks turned lower Tuesday, extending a rout spurred by fears of sustained monetary tightening by the Federal Reserve to combat inflation.
The S&P 500 tumbled 0.7% after climbing at the start of trading, deepening its losses after the benchmark index plunged roughly 4% across back-to-back losing days. The Dow Jones Industrial Average shed 175 points, or about 0.6%, and the technology-heavy Nasdaq Composite fell 0.7%.
The moves came after a batch of upbeat economic data on the labor…
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