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Dow Jones sinks 293 pts as Iran fears, Fed tensions hit stocks
US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve's independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed.
US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve's independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed.