A stronger dollar and a surprise interest rate hike in China that may slow that country's economy helped push stocks sharply lower Tuesday. The Dow Jones industrial average fell below 11,000 for the first time in a little more than a week, reversing a streak that had sent the index up nearly 7 percent for the year.
The Dow Jones industrial average fell 165.07, or 1.5 percent, to 10,978.62.
The Standard & Poor's 500 index fell 18.81, or 1.6 percent, to 1,165.90.
The Nasdaq composite index fell 43.71, or 1.8 percent, to 2,436.95.
For the week:
The Dow is down 84.16, or 0.8 percent.
The S&P is down 10.29, or 0.9 percent.
The Nasdaq is down 31.82, or 1.3 percent.
For the year:
The Dow is up 550.57, or 6.3 percent.
The S&P is up 50.80, or 4.6 percent.
The Nasdaq is up 167.80, or 7.4 percent.