05.04.2016 22:15:33
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Stocks Fall On Renewed Risk Aversion -- U.S. Commentary
(RTTNews) - Stocks tumbled Tuesday amid concerns that central banks may have used up all stimulus measures.
The Federal Reserve seen normalizing interest rates over the next year, so markets have been in a skittish mood of late.
The S&P 500 fell 20 points, or 1%, to close at 2,045 with losses spread around all sectors.
The Dow Jones Industrial Average fell 132 points, or 0.8%, to finish at 17,604.
Tech stocks were not immune, as the Nasdaq shed 47 points, or 1%, to close at 4,843.
There was little reaction even as crude oil prices rose from monthly highs. Nymex May oil futures end 0.5% higher at $35.89 a barrel.
In stock specific action, Twitter Inc. (TWTR) has been selected by the National Football League as its exclusive partner to show Thursday night NFL games online this fall. Shares were flat.
SunEdison (SUNE) coverage was ended at Credit Suisse, which warned of tenchical default. SunEdison shares plunged 15 percent.
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