The sell-off in stocks that began last week has been built on concerns over higher interest rates and lofty valuations.
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U.S. stocks dipped modestly Tuesday, swinging wildly between positive and negative territory, a day after the Dow and S&P 500 indexes saw their biggest one-day declines in more than six years, while a world stock index dropped more than 1 percent.The S&P materials index, up 1.2 percent, led the advancers, while the utilities index, down 2.2 percent, led the decliners.The Dow Jones Industrial Average rose 108.77 points, or 0.45 percent, to 24,454.52, the S&P 500 gained 4.27 points, or 0.16 percent, to 2,653.21 and the Nasdaq Composite added 42.59 points, or 0.61 percent, to 7,010.12 .The dollar index last rose 0.05 percent, with the euro up 0.19 percent to $1.239 .
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