Stocks closed lower Tuesday as the Dow and the S&P 500 ended a four-session winning streak amid renewed concerns about the European banking sector and light post-holiday trading.

The Dow Jones Industrial Average fell 107.24 points, or 1 percent, to close at 10,340.69, sending it back into negative territory for the year.

The S&P 500 slipped 12.67 points, or 1.2 percent, to 1,091.84, while the Nasdaq fell 24.86 points, or 1.1 percent, to close at 2,208.89. The CBOE Volatility Index, the most widely followed gauge of fear in the market, soared more than 11 percent to trade above 23.

(Source: CNBC)