Stock-index benchmarks closed sharply lower on Tuesday as fears over North Korea and worries about a lack of policy progress in Washington stoked a flight to assets perceived as safe and out of stocks. The S&P 500 fell 0.8%, or 19 points, to end the day at 2,457, while the Dow Jones Industrial Average fell 234 points, or 1.1%, to 21,753. The tech-laden Nasdaq Composite Index registered a 0.9%, or roughly 60 point, loss at 6,375. Both the S&P 500 and Nasdaq halted multiday win streaks. All three benchmarks registered their worst one-day drop since Aug. 17, according to FactSet data. In individual stocks, United Technologies Corp. tumbled d 6% following the news that it agreed to buy Rockwell Collins Inc for $23 billion. Biotech business Insmed Inc jumped 121% as the company announced that it is moving in to the reviewing and approval process for its treatment for NTM lung disease.
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