Wall Street Falls On Oil Tumble, Consumer Sector And Fed Worries

US stocks closed lower on Tuesday as a sharp drop in oil prices hurt energy stocks and retail stocks were pulled down by concerns about Amazon.com's plan to boost its apparel business, while investors also worried about future Federal Reserve rate hikes.

Healthcare was the brightest spot in stocks with a 0.3 percent rise while the consumer discretionary index showed a 1.25 percent drop in line with the energy index decline.

Oil prices fell about 2 percent after news of increases in supply by several key producers, a trend that has undermined attempts by OPEC and other producers to support the market through reduced output.

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