(CNBC) — U.S. equities fell on Tuesday, the first trading day of the week, as tension between North Korea and the West sent jitters down Wall Street.
The Dow Jones industrial average dropped about 220 points, with United Technologies and Goldman Sachs contributing the most to the losses. United Technologies’ stock dropped after announcing a $30 billion mega-deal to buy Rockwell Collins. Boeing was also a large contributor of losses.
The S&P 500 pulled back 0.8 percent, with financials on track for their worst day since May 17. Insurers XL Group and Everest Re Group were among the biggest decliners in the index as the threat of Hurricane Irma hitting Florida increased. Overall, the insurance space was on track for its worst day since June 27, 2016.
