Stocks plummeted on Tuesday with the Dow and the S&P 500 giving up all of 2015 gains. The blue chips fell 332 points, all the indices lost more than 1.5% on the strong dollar and the sell-off overseas. Fresh dip in oil prices propelled stocks to drop. Crude settled down nearly 3.5% at $48.29 a barrel. Airlines, which have been part of the oil trade didn’t hold in the session. United Continental (UAL), American (AAL) and Delta (DAL) all tanked more than 2%. Target (TGT) said it is laying off 1,700 workers and getting rid of another 1,400 unfilled positions. Despite the massive sell-off on Wall Street, Urban Outfitters (URBN) managed to surge 11.5%. Investors applauded the retailer’s better-than-expected quarter and impressive sales.
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