U.S. stocks fell sharply on Tuesday, wiping out this year's gains for the Dow Jones industrial average and the Standard & Poor's 500 index. Investors are nervous about the likelihood of the first increase in U.S. interest rates in nine years and a plunge in the value of the euro as the dollar appreciates.

On Tuesday:

The Dow Jones industrial average fell 332.78 points, or 1.9 percent, to 17,662.94.

The Standard & Poor's 500 index lost 35.27 points, or 1.7 percent, to 2,044.16.

The Nasdaq composite fell 82.64 points, or 1.7 percent, to 4,859.79.

For the week:

The Dow is down 193.84 points, or 1.1 percent.

The S&P 500 index is down 27.10 points, or 1.3 percent.

The Nasdaq is down 67.58 points, or 1.4 percent.

For the year:

The Dow is down 160.13 points, or 0.9 percent.

The S&P 500 index is down 14.74 points, or 0.7 percent.

The Nasdaq is up 123.74 points, or 2.6 percent.