Stocks dropped on Tuesday after President Donald Trump said he was not satisfied with U.S.-China trade talks. He also said a highly anticipated summit with North Korea may not happen after all.
The Dow Jones industrial average fell 178.88 points to close at 24,834.41 as Boeing shares declined 2.5 percent. The S&P 500 declined 0.3 percent to 2,724.44 with energy lagging. The Nasdaq composite lost 0.2 percent to close at 7,378.46.
Trump told reporters he was "not satisfied" with the trade talks that took place with China last week. He called the negotiations a "start" as his administration keeps working toward a final deal to address trade imbalances with Beijing.
The president also discussed a summit with North Korean leader Kim Jong Un, stating: "Whether or not it happens, you'll be knowing pretty soon." The summit is scheduled for June 12 in Singapore.
"There's a lot of uncertainty right now and that's reflected in the tight trading band we've been in for the past few months," said Jennifer Ellison, principal at Bingham, Osborn & Scarborough.