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Stocks Retreat on Lower Oil Prices, Rate Hike Jitters

U.S. stocks ended Tuesday's session to the downside as oil prices declined and Wall Street factored in a near-term rate increase.

The S&P 500 dropped 0.20%, the Dow Jones Industrial Average fell 0.26%, and the Nasdaq fell 0.18%.

Federal Reserve Vice Chairman Stanley Fischer said the U.S. labor market is "very close to full employment" in an interview with Bloomberg Television on Tuesday, adding he couldn't say whether the next interest rate increase would be "one and done."

"We can choose the pace. But...