Reuters - U.S. stocks tumbled on Tuesday as traders shunned equities amid uncertainty about how aggressive the Federal Reserve will be in raising interest rates to fight inflation.

Reuters - Nike Inc. , the world's top athletic shoe maker, said on Tuesday its quarterly net profit fell 5 percent on a one-time charge, and its shares fell after hours as the company posted a decline in future orders for Latin America that disappointed some investors.

Reuters - Sales of existing U.S. homes slipped in May, another sign of a gradually cooling housing market as mortgage rates rise, while consumer confidence rose slightly in June, according to reports on Tuesday.