U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike.
The selloff was broad, with all 10 major S&P 500 sectors in the red and every Dow Jones industrial average component except Apple declining.
The energy index's 2.86-percent slide led declines as oil prices tumbled as much as 3 percent after both the IEA and OPEC said the global crude glut would persist.
Three U.S. Federal Reserve officials on Monday took a dovish stance on interest rates, in contrast to more aggressive comments from other officials in the past two weeks.
"There is a heightened level of uncertainty regarding hikes, and investors aren't confident about any comments coming from Fed officials," said Andre Bakhos, managing director at Janlyn Capital, adding that the uncertainty would continue until the Fed's meeting on Sept. 20-21.
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