March 21 (UPI) -- An historic streak is over. The S&P 500 closed down 1.2 percent on Tuesday after 161 days without a daily drop of more than 1 percent at any point. The market spent 64 consecutive days without a decline of more than 1 percent at any time during the trading sessions.
An early morning sell-off in financial stocks triggered a wider decline. The Dow ended Tuesday off 1.14 percent, while the Nasdaq dropped 1.83 percent on the day.