Wall Street tumbles to biggest drop since December as concerns deepen about rising rates

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Wall Street tumbles to biggest drop since December as concerns deepen about rising rates
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The S&P 500 fell 2% Tuesday for its sharpest drop since the market was selling off in December. The Dow lost 697 points.

NEW YORK — Stocks tumbled to their worst day in two months Tuesday, buckling under worries about higher interest rates and their tightening squeeze on Wall Street and the economy.

Home Depot fell to one of the market's larger losses after giving financial forecasts that fell short of Wall Street’s expectations. It dropped 7.1% despite reporting stronger profit for the last three months of 2022 than expected.

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