US STOCKS-S&P 500 posts worst day in 2 months on rate worries

martes 10 de marzo de 2015 16:39 GYT

* Dollar continues uptrend, euro near 12-year low

* Dow, S&P 500 end in negative territory for year

* Indexes down: Dow 1.9 pct, S&P 500 1.7 pct, Nasdaq 1.7 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, March 10 (Reuters) - U.S. stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.

The Dow and S&P 500 ended in negative territory for the year, with the S&P 500 off 3.5 percent from its March 2 record closing high.

Those Fed worries pushed the U.S. dollar to a nearly 12-year peak against the euro, and added to concerns the dollar will continue to weigh on U.S. multinationals' earnings.

Friday's stronger-than-expected jobs report was largely behind the recent rate jitters.

"The issue out there has been the strong employment report, which has set off fears of an interest rate hike by the Fed sooner or more aggressively than had been anticipated," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.   Continuación...