US stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.
The Dow Jones industrial average fell 332.78 points, or 1.85 percent, to 17,662.94, while the S&P 500 lost 35.27 points, or 1.7 percent, to 2,044.16, its biggest daily percentage decline since Jan. 5. The Nasdaq Composite dropped 82.64 points, or 1.67 percent, to 4,859.80.
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