(CNBC) — U.S. equities fell on Tuesday, the first trading day of the month, as recent election news and a Federal Reserve meeting sent jitters through the market.
"Earnings have been better than expected, and that would typically be a catalyst. But that is being negated by the noise on the political front," said Bruce Bittles, chief investment strategist at Baird. "If [Donald Trump] were to win, that would set up a sort-of Brexit moment."
The Dow Jones industrial average briefly fell about 200 points in afternoon trade and momentarily broke below 18,000, with Apple contributing the most losses, before closing about 100 points lower.
Advertisement - story continues below