With traders continuing to express concerns about the outlook for interest rates, stocks moved sharply lower over the course of the trading day on Tuesday. The major averages all showed substantial moves to the downside after ending Monday's trading mixed.
The major averages climbed off their worst levels going into the close but still posted steep losses. The Dow slumped 430.97 points or 1.3 percent to 33,002.38, the Nasdaq plunged 248.31 points or 1.9 percent to 13,059.47 and the S&P 500 tumbled 58.94 points or 1.4 percent to 4,229.45.
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