The Dow Jones Industrial Average fell 184.74 points, or 0.56 percent, to 32,632.64. The S&P 500 lost 30.39 points, or 0.72 percent, to 4,170.70. The Nasdaq Composite Index decreased 35.41 points, or 0.28 percent, to 12,795.55.
Nine of the 11 primary S&P 500 sectors ended in red, with consumer staples and health care down 2.64 percent and 2.11 percent, respectively, leading the laggards. Energy and consumer discretionary rose 1.39 percent and 0.06 percent, respectively, the only two gaining groups.
U.S.-listed Chinese companies traded mostly lower with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
U.S. President Joe Biden announced Tuesday a ban on U.S. energy imports from Russia over its ongoing military operations in Ukraine.
Investors weighed potential economic consequences resulting from imposed sanctions, while continuing to monitor the Russia-Ukraine conflict.
U.S. equities have suffered heavy losses recently, driven by Ukraine jitters. On Monday, all the three major indexes fell sharply with the Dow closing down nearly 800 points.
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