The Dow Jones Industrial Average shed 396.85 points, or 1.51 percent, to 25,890.18. The S&P 500 fell 34.40 points, or 1.08 percent, to 3,145.32. The Nasdaq Composite Index was down 89.76 points, or 0.86 percent, to 10,343.89.
Nine of the 11 primary S&P 500 sectors finished lower, with energy down 2.01 percent, leading the laggards.
Meanwhile, U.S.-listed Chinese companies traded mostly lower, with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Stocks closely tied to economic reopening, such as those of airlines and cruise lines, declined amid the soaring number of coronavirus cases in the country.
More than 2.96 million confirmed COVID-19 cases have been reported in the United States, with nearly 131,000 deaths, as of Tuesday afternoon, according to the Center for Systems Science and Engineering at Johns Hopkins University.
Latest comments