Industrial companies led a broad slide in stocks on Wall Street Tuesday, ending the benchmark S&P 500’s eight-day winning streak.
The sell-off came as traders weighed growing trade tensions between the U.S. and the European Union, and a report forecasting dimmer global economic growth this year.
Banks and technology companies also lost ground. Only utilities and communications service providers, a broad category that includes entertainment, telecommunications and internet companies, notched gains.
Smaller company stocks fell more than the rest of the market. Bond prices rose, sending yields lower, as investors moved money into safer holdings. The price of gold rose.