Tuesday, the Dow dropped 551.80 points (2.21%) to 24,465.64, the NASDAQ fell 119.65 points (1.70%) to 6,908.82, and the S&P 500 lost 48.84 points (1.82%) to finish at 2,641.89. The Russell 2000 closed 27.53 points (1.84%) lower at 1,469.01, and the Wilshire 5000 dropped 499.28 points (1.80%) to 27,202.98.

ON THIS DATE: In 1620, the Mayflower reached Provincetown, Massachusetts. In 1783, the first successful flight was made in a hot air balloon. The pilots, Francois Pilatre de Rosier and Francois Laurent, Marquis d’Arlandes, flew for 25 minutes and 5½ miles over Paris. In 1789, North Carolina became the 12th state to ratify the U.S. Constitution. In 1877, Thomas A. Edison announced the invention of his phonograph. In 1922, Rebecca L. Felton of Georgia was sworn in as the first woman to serve as a member of the U.S. Senate. In 1929, Spanish surrealist Salvador Dali had his first art exhibit. In 1934, the New York Yankees purchased the contract of Joe DiMaggio from San Francisco of the Pacific Coast League. In 1962, President John Kennedy terminated the quarantine measures against Cuba. In 1980, an estimated 83 million viewers tuned in to find out “who shot J.R.” on the CBS prime-time soap opera “Dallas.” In 1993, the House of Representatives voted against making the District of Columbia the 51st state. In 1995, the Dow Jones Industrial Average closed above the 5,000-mark for the first time. In 2000, the Florida Supreme Court granted Al Gore’s request to keep the presidential recounts going. In 2001, Microsoft Corp. proposed giving $1 billion in computers, software, training and cash to more than 12,500 of the poorest schools in the U.S. The offer was intended as part of a deal to settle most of the company’s private antitrust lawsuits. In 2013, the Dow Jones Industrial Average closed above 16,000 for the first time.