U.S. stocks experienced fluctuations while people debated the impact of Donald Trump Jr.'s emails that led to his meeting with Russian lawyer Natalia Veselnitskaya.
The New York Times article that initially reported Trump Jr.'s suspicious emails was published Monday night, and as a result, the Dow Jones Industrial Average fell 100 points on Tuesday. CNBC News reports the fall came as people became concerned that the Russia controversy surrounding President Donald Trump would worsen.
Only about a half hour after the Dow Jones dropped 100 points, it recovered and turned back to positive.
"People just got spooked by that. Selling begot more selling," said Jeremy Klein, chief market strategist at First National Bank. "This isn't anything we don't know."
The summer season tends to have a lighter amount of trade activity, which could have exaggerated Tuesday's market moves, strategists told CNBC News.
"Leadership continues to reflect an environment suggestive of higher rates and a risk-seeking attitude," said Chris Verrone, head of technical analysis at Strategas Research Partners. "If stock prices discount expectations vs. reality, the market is likely telling us that the high-water mark in central bank policy has likely been seen."
S&P 500 earnings for the second-quarter are estimated to rise 6.2 percent, according to S&P Capital IQ.