Stocks Fall After First Republic Earnings Revive Banking Worries

Disappointing earnings from companies including First Republic Bank and United Parcel Service helped interrupt a weekslong stretch of market calm on Tuesday, with stocks falling as investor concerns about the economy ticked upward.

The S&P 500 fell 1.6%, and the Dow Jones Industrial Average fell around 345 points, or 1%, marking the largest single-day declines for both indexes since March 22. The tech-heavy Nasdaq Composite dropped 2%, its biggest decline since March 9.