(CNBC) -- U.S. stocks fell for a second day on Tuesday as strong corporate earnings failed to boost a market already near record highs, while an alarming rise in global Covid cases raised concerns about the recovery.
The Dow Jones Industrial Average fell 256.33 points, or 0.8%, to 33,821.30 as Boeing and Nike both dropped more than 4%. The S&P 500 lost 0.7% to 4,134.94 for a second straight day of declines, while the tech-heavy Nasdaq Composite dipped 0.9% to 13,786.27.
Reopening plays such as airlines and cruise line operators led losses on Tuesday. United Airlines plunged 8.5% after the carrier reported its fifth consecutive quarterly loss and said that business and international travel recovery is still far off. American Airlines fell 5.5%, while Carnival and Norwegian Cruise Line both slid over 4%.
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