The Dow spent Tuesday deep in the red, logging its worst daily pullback since late March. The tech-heavy Nasdaq also handed over a triple-digit loss, while the S&P 500 saw a modest drop. Struggling bank stocks once again captured investor energy, as did the highly anticipated Fed meeting, which will conclude tomorrow afternoon. Job openings data also created buzz, after levels dropped to their lowest in almost two years.

OIL LOGS WORST SESSION IN 5 WEEKS

Oil logged its lowest session in over five weeks, as recession fears and falling demand circled the commodity. June-dated crude dropped $4, or 5.3%, to close at $71.66 per barrel.

Haven support grew as bank sector fears reignited this week, sending gold futures to its highest settlement since mid-April. The June-dated commodity added $31.10 or 1.6%, to close at $2,023.30 an ounce.

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