Symbol	Name	Price		Change	%Change
NIKKEI	NIKKEI	16697.57		-31.47	-0.19%
HSI	HSI	23332.15		116.39	0.50%
ASX 200	S& P/ASX 200	5210.80		3.02	0.06%
SHANGHAI	Shanghai	3010.87		-12.64	-0.42%
KOSPI	KOSPI Index	1999.36		7.88	0.40%
CNBC 100	CNBC 100 ASIA IDX	6755.19		-30.40	-0.45%

 

Symbol	Name	Price		Change	%Change
NIKKEI	NIKKEI	16618.01		-111.03	-0.66%
HSI	HSI	23215.76	---	UNCH	0%
ASX 200	S& P/ASX 200	5199.80		-7.98	-0.15%
SHANGHAI	Shanghai	3023.51	---	UNCH	0%
KOSPI	KOSPI Index	1999.36		+7.88	0.40%
CNBC 100	CNBC 100 ASIA IDX	6740.32		-45.27	-0.67%

 

Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18066.75		-258.32	-1.41%
S& P 500	S& P 500 Index	2127.02		-32.02	-1.48%
NASDAQ	NASDAQ Composite	5155.25		-56.63	-1.09%

Stocks close 1% lower as Fed fears loom oil slides

U.S. stocks closed sharply lower Tuesday, lead by energy, as investors digested a spike in volatility and falling oil prices, while looking ahead to next week' s Federal Reserve meeting.

" We' re back in the world of volatility, which I do not think is a surprise since we' ve had fears over the Fed and falling commodity prices," said Kate Warne, investment strategist at Edward Jones.

" I tend to look at the market from three different perspectives: Technical, fundamental and psychological," said Daniel Deming, managing director at KKM Financial " You' ve got a technical breakdown ... fundamentals are pretty weak" and the market' s. psychology has been affected by several changes in expectations regarding economic growth and the election, among others. " Now, with the possibily that [Donald] Trump might turn this into a race again after it was all said and done, the market has not completely priced that in. "

The Dow Jones industrial average closed more than 250 points after dropping nearly 300 points, with Goldman Sachs contributing the most losses.

" The fact of the matter is the market is in a downward cycle," said Peter Cardillo, chief market economist at First Standard Financial. " With the lack of macro news, the market is trapped in a sea of ​ ​ worry right now."

The S & P 500 dropped approximately 1.5 percent, with energy falling about 2.9 percent, leading all sectors lower.

The Fed is scheduled to meet next Tuesday through Wednesday. Market expectations for a Fed rate hike next week were 15 percent Tuesday, according to the CME Group' s FedWatch tool.

Gold futures for December delivery settled $ 1.90 lower at $ 1,323.70 per ounce.

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