Stocks on Wall Street gave up early gains and closed lower Tuesday after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases.
The S&P 500 fell 0.4 percent after having been up as much as 1 percent shortly after trading opened. The Dow Jones Industrial Average fell 0.2 percent and the Nasdaq composite dropped 0.9 percent.
