U.S. stocks closed lower Tuesday, with the S&P 500 snapping its eight-day winning streak, on fears over escalation of trade tensions with the European Union and a weaker global outlook from the International Monetary Fund.

How did the benchmarks fare?

The Dow Jones Industrial Average DJIA, -1.92% dropped 190.44 points, or 0.7%, to close at 26,150.58, while the S&P 500 index SPX, -2.37% fell 17.57 points. or 0.6%, to 2,878.20. The Nasdaq Composite Index COMP, -3.01% declined 44.61 points, or 0.6%, to 7,909.28.

What drove the market?