Us Markets falls 2 percent after consumer data

Stocks dropped 2 percent on Tuesday after data showed U.S. consumer confidence fell steeply in June on worries about the labor market.

The Dow Jones industrial average .DJI dropped 217.28 points, or 2.14 percent, to 9,921.24. The Standard & Poor's 500 Index .SPX fell 24.94 points, or 2.32 percent, to 1,049.63. The Nasdaq Composite Index .IXIC slid 63.75 points, or 2.87 percent, to 2,156.90.

The S&P 500 fell below its 2010 closing low of 1,050.47, leaving support near 1,040, its intraday low so far this year.

The CBOE volatility index .VIX, a gauge of investor anxiety, shot up more than 16 percent to a session high of 33.82.