Stocks end lower as investors brace for further Fed tightening

U.S. stocks fell for a third straight session, taking the S&P 500’s decline to 5.1% over the period, as economic data stoked investor fears that the Federal Reserve has enough runway to continue to aggressively raise interest rates.

Each of the major indexes fell on Tuesday, continuing a strong sell-off following a reset in monetary policy expectations. The S&P 500 fell 44.45 points, or 1.1%, to close at 3986.16. The benchmark has seen more than $1.5 trillion of its market capitalization wiped out since shares began selling on Friday.


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