The S&P 500 fell 0.9% Tuesday, and the Dow Jones Industrial Average lost 0.4%. Both had set all-time highs the day before. The Nasdaq composite sank 1.5% after paring a bigger loss from earlier in the day like other indexes. The S&P 500 had been down as much as 1.4% during midday trading.
U.S. stocks pulled back from their records after a sharp escalation of tensions in the Middle East raised worries about potential disruptions to the flow of oil
The S&P 500 fell 0.9% Tuesday, and the Dow Jones Industrial Average lost 0.4%. Both had set all-time highs the day before. The Nasdaq composite sank 1.5% after paring a bigger loss from earlier in the day like other indexes. The S&P 500 had been down as much as 1.4% during midday trading.
Oil prices jumped amid speculation about the potential response after Iran fired dozens of missiles into Israel. Treasury yields fell.
On Tuesday:
The S&P 500 fell 53.73 points, or 0.9%, to 5,708.75.