U.S.MARKET UPDATE

U.S. stocks ended lower for a second straight session on Wednesday as worries grew about the timing of a Federal Reserve interest rate hike and dollar strength further dampened the outlook for U.S. earnings.

The move followed the S&P 500's biggest one-day decline in two months in the previous session, which surpassed a selloff of similar magnitude on Friday. The S&P 500 is now off 3.6 percent from its March 2 record closing high and is down 0.9 percent for the year so far.

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