Dow Jones tumbles 570 points, Nasdaq Composite 325 points
NEW YORK, New York - It was a bloodbath on Wall Street on Tuesday with red ink in all directions. The Labor Department reported the employment cost index, a measure of wages and benefits, grew 1.2 percent in the first quarter, higher than the 1 percent consensus estimate of analysts polled by Dow Jones. U.S. Treasury yields pushed higher, with the 2-year yield going above 5 percent. This pushed the U.S. dollar sharply