US Stock Market: Dow Jones, S&P 500, and Nasdaq Close Lower

US Stock Market: Dow Jones, S&P 500, and Nasdaq Close Lower

The three major U.S. stock indexes closed lower on Tuesday as investors weighed the impact of rising interest rates on the economy and corporate profits. The Dow Jones Industrial Average fell 1.1%, the S&P 500 lost 1.2%, and the Nasdaq Composite declined 1.3%. All three indices have been under pressure in recent weeks as investors have become increasingly concerned about the impact of the Federal Reserve's interest rate hikes on economic growth. The Fed has raised interest rates five times this year in an effort to combat inflation, and it is expected to continue raising rates in the coming months. Higher interest rates can make it more expensive for businesses to borrow money, which can slow economic growth. They can also make it less attractive for investors to buy stocks, which can lead to lower stock prices. In addition to concerns about interest rates, investors are also worried about the impact of the war in Ukraine on the global economy. The war has led to higher energy and commodity prices, which can put pressure on corporate profits. The combination of these factors has led to a sell-off in the stock market in recent weeks. The Dow Jones Industrial Average has fallen more than 10% from its peak in January, and the S&P 500 and Nasdaq Composite have both declined by more than 15%.