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Election, Rate Hike Concerns Drag Wall Street Lower

The S&P 500 closed at its lowest in nearly four months amid growing concern over the presidential election and concern over higher interest rates.
Traders work on the floor of the NYSE
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. October 31, 2016. REUTERS/Brendan McDermid
/ Source: Reuters

The S&P 500 closed at its lowest in nearly four months on Tuesday amid growing concern over next week's presidential election and prospects for higher U.S. interest rates.

The Dow Jones industrial average fell 105.32 points, or 0.58 percent, to 18,037.1, the S&P 500 lost 14.43 points, or 0.68 percent, to 2,111.72 and the Nasdaq Composite dropped 35.56 points, or 0.69 percent, to 5,153.58.