The stock market fell sharply on Tuesday in broad selling led by energy shares as crude prices declined and as traders cited concerns about possible escalation of military action in eastern Ukraine.
The Dow Jones industrial average fell 139.81 points, or 0.84 percent, to close at 16,429.47, according to preliminary figures. The Dow had been down as much as nearly 200 points.
The Standard & Poor's 500-stock index lost 18.78 points, or 0.97 percent, to 1,920.21. The Nasdaq composite index dropped 31.05 points, or 0.71 percent, to 4,352.84.
The selling accelerated in the afternoon after Bloomberg News reported that the Polish foreign minister said Russian units were poised to pressure or invade Ukraine.
"The market was vulnerable to begin with, with a number of commentators questioning Monday's rebound," said Quincy Krosby, market strategist at Prudential Financial.
She cited the concerns over Ukraine, saying "volume is very light and the market can be skewed in any direction with a headline crossing the wires."
The market was pressured throughout the session by weak earnings, including those from Target and Cablevision. Figures showing China's services purchasing managers' index fell to 50 in July, the lowest since data collection began in November 2005, also weighed on the market.
Energy stocks posted the largest losses on the S.&P. 500, dropping more than 2 percent, as crude oil declined 91 cents, or 0.9 percent, to $97.38 a barrel on the New York Mercantile Exchange.
Pioneer Natural Resources ranked among the top S.&P. 500 decliners with a 5.6 percent slide to $209.98 after the oil and gas exploration and production company's revenue missed estimates.
Target dropped 4.4 percent to $58.03 after the retailer cut its second-quarter earnings estimate because of higher promotions and discounts.
Cablevision fell 7 percent to $18.08 as subscriber losses doubled in the second quarter from the previous quarter as it cut down on promotions.
GT Advanced Technologies rose 6.7 percent to $15.08 a day after the solar and LED equipment maker raised the lower end of its full-year 2014 adjusted profit forecast, citing higher gross margins.
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