U.S. stocks closed near their intraday lows Tuesday, halting a 3-day win streak, as investors took some profits ahead of a much-anticipated European leaders' summit on Wednesday and following some disappointing industrial earnings.
The Dow Jones Industrial Average lost 207 points, or 1.7%, to 11,706.6 after falling as low as 11,682.52.
Shares of 3M Co. led declines with a loss of 6.3%.
The S&P 500 lost 25.14 points, or 2%, to 1,229.05.
A 3.1% drop in financials led declines among all 10 industry groups.
The Nasdaq Composite or 2.3%, to 2,638.42.
The day's decline put the composite back into a loss for the year.
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