U.S. equities fell the most since May on Thursday as tensions between the United States and North Korea persisted.
The Dow Jones industrial average fell 204.69 points to close at 21,844.01, with Goldman Sachs contributing the most losses. That was its biggest point loss since May 17.
The S&P 500 declined 1.45 percent to end at 2,438.21, with information technology and financials leading the way lower. It was the benchmark's worst percentage drop since a 1.8 percent decline on that same day in May. The index also dipped below its 50-day moving average, a key technical level, for the first time in a month.
The Nasdaq composite lagged, pulling back 2.13 percent to 6,216.87, with Apple, Alphabet, Amazon and Netflix all trading lower.
"If you look across all sectors, it's a broad-based sell-off," said Paul Springmeyer, investment managing director at U.S. Bank's Private Client Reserve. "The news is concerning to all. ... I think this is a cautious pullback."
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, soared more than 40 percent to trade at 15.98. It also hit its highest level since May.