U.S. stocks drop amid oil slides, rate hike concern

U.S. stocks closed down more than one percent on Tuesday, as investors kept a close eye on falling oil prices and pondered over when the U.S. Federal Reserve would hike interest rate.

The Dow Jones Industrial Average shed 258.32 points, or 1.41 percent, to 18,066.75. The S&P 500 was down 32.02 points, or 1.48 percent, to 2,127.02. The Nasdaq Composite Index lost 56.63 points, or 1.09 percent, to 5,155.25. Enditem