Dow falls 300 points, Nasdaq plunges 2% as Street eyes Fed, oil

U.S. stocks fell more than 1 percent on Thursday, pressured by continued uncertainty over the timing of a rate hike and low oil prices. --"The market has really taken a pessimistic stance vis-a-vis the Fed," said Dave Schiegoleit, a senior portfolio manager with The Private Client Reserve of U.S. Bank in Los Angeles.

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