Dow stumbles after Wall Street suffered worst day since June

The Dow fell 121 points, or 0.37%. The S&P 500 lost 0.03% and the Nasdaq Composite advanced 0.17%. Healthcare, real estate and utilities were the worst performers in the S&P 500. Meanwhile, energy was the biggest winner in the broader market index, up 4% on the back of rising oil prices.

Wall Street is in a bear market rally and the Dow Jones Industrial Average fell Tuesday following its worst day since June as investors braced for a hawkish message from the Federal Reserve.

Palo Alto Networks surged 9% on the back of strong quarterly results, while Zoom Video shares slumped 13% after the video conferencing company lowered its full-year forecast.

Traders are coming off a downbeat session, as a summer rally fizzled out amid mounting rate hike concerns, and the 10-year Treasury yield climbed above 3%.

The Dow dropped more than 600 points on Monday, while the S&P 500 and Nasdaq Composite fell more than 2% each. Those were the biggest one-day drops for the Dow and S&P 500 since June 16. The Nasdaq suffered its worst session since June 28.