Stocks closed broadly lower. All 10 industry groups in the S&P 500 index fell.
The Dow dropped 61 points, or 0.5 percent, to 12,090. The S&P 500 index fell 14, or 1.1 percent, to 1,286. The Nasdaq lost 30, or 1.1 percent, to 2,703.
Four stocks fell for every one that rose on the New York Stock Exchange. Consolidated volume came to 3.6 billion shares.