
U.S. stocks closed down, worst drop in a month amid fading hopes of further monetary stimulus by the Federal Reserve.
The Dow Jones Industrial Average recovered from its 179-point drop, but still erased 124.80 points, or 0.95 percent, to close at 13,074.75.
S&P 500 index fell 14.42 points, or 1.02 per cent, to end at 1,398.96.
Most S&P sectors closed in down, led by techs and materials, while telecom shares managed a gain.
Nasdaq composite fell 45.48 points, or 1.46 per cent, to end at 3,068.09.