Stocks fell Tuesday, with the Dow dropping more than 95 points after the Federal Reserve disappointed investors by suggesting that more interest rate hikes were on the way.
The Dow Jones Industrial Average lost 95.57, or 0.9 percent, to 11,154.54. The Standard & Poor's 500 Index fell 8.38, or 0.6 percent, to 1,293.23. The Nasdaq Composite Index dropped 11.12, or 0.5 percent, to 2,304.46.
Local movers were led by J2 Global Communications Inc., which gained 5.5 percent to $45.46, Ameron International Corp., which rose 3 percent to $62.46, and International Aluminum Corp., which climbed 4.3 percent to $40.06. On the down side, Computer Sciences Corp. fell 2.8 percent to $55.37, Reliance Steel & Aluminum Co. lost 1.5 percent to $88.56 and KB Home slipped 1.5 percent to $66.97.
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