US stocks lose all gains made in 2015 on rate rise fear
BBC News - Mar 10, 2015
(Close): Shares in the US fell sharply on Tuesday, as investors fretted that the Federal Reserve could raise interest rates earlier than expected.
A strengthening dollar, which could hurt US exports, also hurt markets.
The Dow Jones fell 332.78 points, or 1.85%, to 17,662.94, while the broader S&P 500 dipped 35.26 points, or 1.7%, to 2044.17. Both indexes erased all the gains made so far in 2015.
The tech-focused Nasdaq shed 82.64 points, or 1.67%, to 4,859.79.
The US dollar continued strengthening, rising 1.4% to 12-year highs against the euro.
The strength of the dollar has worried some investors, because it could hurt the profits of US firms which do business abroad, as their overseas earnings are worth less when converted from foreign currencies.
