Wall Street Drops Over Interest Rate Concerns
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iStock/Thinkstock(NEW YORK) — Stocks closed lower on Tuesday as investors tried to find clarity on the timing of an interest rate hike.
The Dow Jones Industrial Average finished the session on Tuesday at 18,011.14, down 104.90 from its open.
The Nasdaq fell by 16.25 to close at 4,994.73. The S&P 500 was also down by 12.92 points to close at 2,091.50.
Crude oil settled up 6 cents on Tuesday at $47.51 a barrel, while the U.S. dollar edged slightly higher against major world currencies. Analysts say those two things could make the Federal Reserve re-think its decision not to raise interest rates for now.
The gender gap’s alive and well in most workplaces, even in nursing, an occupation dominated by women. A study in the Journal of the American Medical Association says female registered nurses earn an average of $5,000 a year less than their male colleagues.
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