U.S. stocks fell Tuesday, a day after one of the biggest comebacks on record for the major averages.
The Dow Jones Industrials collapsed 804 points, or 2.3%, to 33,449.
The S&P 500 gave back 123.75 points, or 2.8%, to 4,280.
The NASDAQ stumbled 364.46 points, or 2.7%, to 13,490.67.
The Dow on Monday rallied from a more than 1,100-point loss to close up higher and snap a six-day losing streak. The NASDAQ reversed a 4.9% decline from earlier in the day to finish positive — its biggest rebound since 2008. The S&P 500 also rallied from major losses to close up.
The selling on Tuesday was broad with less than 10 stocks in the S&P 500 trading in positive territory.
General Electric was the biggest drag on the benchmark index with an 8.5% loss after the company topped quarterly earnings expectations, but missed revenue estimates. Home Depot fell 4.2%, Travelers dipped 3.8% and Nike eased 2.1%, weighing on the blue-chip Dow.
American Express was among the handful of gainers on the S&P 500 after an earnings beat, rising 3.7%.
The Federal Reserve's two-day policy meeting begins Tuesday as investors look for updates on when the central bank will raise interest rates and by how much. Market participants expect the Fed to signal a rate hike as soon as March and more policy tightening on the table to address high inflation.
Investors also monitored geopolitical tension at the Russia-Ukraine border. President Joe Biden spoke with European leaders Monday amid fears of a possible Russian invasion of Ukraine.
Prices for 10-year Treasurys regained strength, lowering yields to 1.74% from Monday's 1.77%. Treasury prices and yields move in opposite directions.
Oil prices gained 41 cents to $83.72 U.S. a barrel.
Gold prices brightened $5.70 to $1,847.40 U.S. an ounce.