Closing Bell: Dick's Sporting Goods Ends Up; U.S. Stocks Fall on Fed Fears

Increased chances of a June rate hike kept investors fearful. The S&P 500 lost all year-to-date gains as the benchmark index whipped from modest to steep losses to settle just 0.4 percent lower. Dick's Sporting Goods (DKS) - Get Report jumped even as profit fell 10 percent. Expectations for the sporting goods retailer were lower as the sector struggles with a consumer reluctant to spend over the start to the year. Same-store sales rose just 0.5 percent. Petrobras (PBR) - Get Report was downgraded to UNDERPERFORM from MARKET PERFORM at Raymond James. Analysts said shares of the Brazilian oil company had spiked in the year to date not on fundamentals, but rather as a proxy for Brazilian politics. TheStreet's Keris Lahiff reports from Wall Street.