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 percent Tuesday, and the Dow Jones Industrial Average lost 0.4 percent. Both had set all-time highs the day before. The Nasdaq composite sank 1.5 percent 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 percent 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 percent, to 5,708.75.
The Dow Jones Industrial Average fell 173.18 points, or 0.4 percent, to 42,156.97.
The Nasdaq composite fell 278.81 points, or 1.5 percent, to 17,910.36.
The Russell 2000 index of smaller companies fell 32.94 points, or 1.5 percent, to 2,197.03.
For the week:
The S&P 500 is down 29.42 points, or 0.5 percent.
The Dow is down 156.03 points, or 0.4 percent.
The Nasdaq is down 209.23 points, or 1.2 percent.
The Russell 2000 is down 27.67 points, or 1.2 percent.
For the year:
The S&P 500 is up 938.92 points, or 19.7 percent.
The Dow is up 4,467.43 points, or 11.9 percent.
The Nasdaq is up 2,899.01 points, or 19.3 percent.
The Russell 2000 is up 169.96 points, or 8.4 percent.
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