(CNBC) — U.S. stocks closed lower on Tuesday, giving back some of Monday's major gains, as investors eyed mixed economic data and the end of the first quarter.
The Dow Jones industrial average failed to post gains for the first quarter. The blue chip index closed down nearly 200 points.
"The market is realizing that the general economic conditions are challenging," said Robert Pavlik, chief market strategist at Boston Private Wealth. "It's mainly the domestic data and you're seeing activity in the Treasury market with yields moving lower."
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"I think everyone's nervous about what's coming (next) quarter. To me the path of least resistance seems down," said Maris Ogg, president of Tower Bridge Advisors. "Next month pretty (neutral) until people get an idea where the new estimates for the year are."
