Source: Sharecast
As of 1525 BST, the Dow Jones Industrial Average was down 1.15% at 41,085.17, while the S&P 500 lost 1.30% to 5,574.96 and the Nasdaq Composite came out the gate 1.78% weaker at 17,399.01.
The Dow opened 477.91 points lower on Tuesday, more than reversing gains recorded in the previous session as the blue-chip index wrapped a fourth consecutive winning month.
Tuesday's primary focus was set to be manufacturing PMI from both S&P Global and the Institute for Supply Management, with market participants hoping to gain further insight into the state of the US economy throughout August.
S&P Global revised its manufacturing PMI slightly lower to 47.9 in August, down from a preliminary reading of 48, continuing to show that the manufacturing sector has continued to deteriorate year-to-date.
ISM's PMI, on the other hand, edged slightly higher to 47.2 last month, up from 46.8 in July but falling short of market expectations for a reading of 47.5, extending weak momentum for manufacturing and underscoring the impact of elevated interest rates by the Federal Reserve.
Elsewhere on the macro front, construction spending fell by 0.3% month-on-month in July to $2.16trn, according to the Census Bureau, following an upwardly revised flat reading.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Verizon Communications Inc. (VZ) $42.47 1.65%
Procter & Gamble Co. (PG) $173.59 1.20%
International Business Machines Corporation (CDI) (IBM) $204.10 0.97%
Unitedhealth Group Inc. (UNH) $595.87 0.96%
Visa Inc. (V) $278.83 0.89%
Walmart Inc. (WMT) $77.64 0.52%
Johnson & Johnson (JNJ) $166.69 0.50%
Coca-Cola Co. (KO) $72.60 0.17%
Microsoft Corp. (MSFT) $417.48 0.08%
Dowdupont Inc. (DWDP) $0.00 0.00%
Dow Jones - Fallers
Boeing Co. (BA) $160.15 -7.82%
Intel Corp. (INTC) $20.90 -5.17%
Caterpillar Inc. (CAT) $341.27 -4.17%
Goldman Sachs Group Inc. (GS) $491.97 -3.58%
Dow Chemical Co. (DOW) $52.08 -2.80%
Nike Inc. (NKE) $81.38 -2.33%
Chevron Corp. (CVX) $144.50 -2.33%
3M Co. (MMM) $131.60 -2.29%
Walgreens Boots Alliance, Inc. (WBA) $9.09 -1.78%
American Express Co. (AXP) $254.57 -1.58%
S&P 500 - Risers
Autodesk Inc. (ADSK) $267.08 3.36%
VF Corp. (VFC) $18.70 2.69%
Church Dwight Co Inc. (CHD) $104.14 2.22%
Southwest Airlines Co. (LUV) $29.53 2.11%
Cardinal Health Inc. (CAH) $114.90 1.93%
Sba Communications Corp. (SBAC) $230.75 1.80%
American Tower Corp (Reit) (AMT) $227.82 1.68%
Verizon Communications Inc. (VZ) $42.47 1.65%
Nektar Therapeutics (NKTR) $1.30 1.56%
Gilead Sciences Inc. (GILD) $80.21 1.53%
S&P 500 - Fallers
Boeing Co. (BA) $160.15 -7.82%
Freeport-McMoRan Inc (FCX) $41.20 -6.96%
Albemarle Corp. (ALB) $84.55 -6.32%
Amphenol Corp. (APH) $63.23 -6.26%
Nvidia Corp. (NVDA) $112.77 -5.53%
KLA-Tencor Corp. (KLAC) $776.62 -5.22%
Intel Corp. (INTC) $20.90 -5.17%
Quanta Services Inc. (PWR) $260.97 -5.15%
Apache Corp. (APA) $27.03 -5.12%
Applied Materials Inc. (AMAT) $187.48 -4.96%
Nasdaq 100 - Risers
Autodesk Inc. (ADSK) $267.08 3.36%
Vodafone Group Plc ADS (VOD) $9.93 1.64%
Gilead Sciences Inc. (GILD) $80.21 1.53%
Adobe Systems Inc. (ADBE) $582.72 1.45%
Incyte Corp. (INCY) $66.59 1.42%
Intuit Inc. (INTU) $636.15 0.93%
Biomarin Pharmaceutical Inc. (BMRN) $91.99 0.86%
T-Mobile Us, Inc. (TMUS) $200.34 0.82%
Illumina Inc. (ILMN) $132.38 0.74%
Monster Beverage Corp (MNST) $47.46 0.70%
Nasdaq 100 - Fallers
Nvidia Corp. (NVDA) $112.77 -5.53%
KLA-Tencor Corp. (KLAC) $776.62 -5.22%
Intel Corp. (INTC) $20.90 -5.17%
Applied Materials Inc. (AMAT) $187.48 -4.96%
Lam Research Corp. (LRCX) $781.02 -4.87%
Micron Technology Inc. (MU) $91.58 -4.84%
Qurate Retail Inc. (QRTEA) $0.57 -4.18%
Microchip Technology Inc. (MCHP) $78.85 -4.03%
Analog Devices Inc. (ADI) $225.64 -3.92%
QUALCOMM Inc. (QCOM) $168.74 -3.74%