Bucking the trend were defensive-oriented utilities (+0.3%) and the energy sector (+0.6%), which followed crude prices higher based on an outlook of improved demand for oil as refineries in Texas come back online; US crude climbed 2.9% to $48.66/bbl.
The US stock market was closed on Monday for the Labor Day holiday.
Benchmark 10-year Treasury yields extended their declines overnight, falling to a near 10-month low of 2.07% as traders piled cash into government bond positions and added further to the move after U.S. Federal Reserve rate-setter Lael Brainard said inflation was "well below" the central bank's target.
The Dow Jones industrial average gave up 234 points, or 1.1 percent, to 21,753.
"There is no solid game plan as to what we can do with North Korea", Larry Adam, Deutsche Bank Wealth Management's chief investment officer, said regarding the country's nuclear test over the weekend.
A GOP storm over Harvey aid
Sandy, an 1,100-mile-wide storm, had killed 233 people and ravaged several mid-Atlantic states before hitting New Jersey . And this tweet about Ted Cruz and Hurricane Harvey highlights the hypocrisy at the core of his call for federal aid.
The Standard & Poor's 500 index slid 18.70 points, or 0.8 percent, to 2,457.85.
Crude oil was about 2.73 percent higher with prices over $48.50 per barrel as the effects of Harvey continue to linger.
Goldman Sachs' shares fell 3.6 per cent, dragging down the Dow, while the S&P was pulled lower by a more than 2-per-cent fall in shares of JPMorgan and Bank of America. Hong Kong's Hang Seng index sank 0.9 percent to 27,485.12 and Shanghai Composite Index slipped 0.3 percent to 3,373.05. The Nasdaq composite fell 59.76 points, or 0.9 percent, to 6,375.57.
Shares in United Technologies Corp (UTC) fell 2.5% after the company, which makes Pratt & Whitney jet engines, agreed to buy airline parts maker Rockwell Collins for $30bn (£23bn).
The dollar index, which measures the greenback against a basket of six major rivals, fell as much as 0.5 percent to a session low of 92.183.DXY and was set for its biggest daily percentage decline in eight days. September is a historically hard period for Wall Street, with the S&P 500 and Dow Jones averaging sizable losses during the month. Rockwell Collins shares rose 0.3%. Brent crude, used to price global oils, rose $1.04, or 2 percent, to close at $53.38 a barrel in London.
In either case, traders are wary of the political gamesmanship that's become all too familiar around the debt ceiling. Mnuchin said he thinks if the debt limit isn't raised, that will interfere with the storm relief effort.
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. No cause of death is now known although Becker missed both of Steely Dan's recent shows at the Classic West and East shows.
On the 11 a.m. public advisory , the NHC located the center of Hurricane Irma near latitude 18.8 North, longitude 43.3 West. Any impacts to the US , if any, would be a full 10 to 11 days away, according to Dean.
Kei Komuro actually proposed to the Princess in 2013 and now she has spoken about their love for the first time. If he does, he will become the first emperor to be a part of a grandchild's marriage ceremony in modern Japan.
Sep 1, 2017; New York, NY, USA; Diego Schwartzman of Argentina returns a shot to Marin Cilic of Croatia on day five of the U.S. The Spaniard earned a spot in the US Open's fourth round for the first time by easily eliminating Nicolas Mahut 6-3, 6-4, 6-3.
McElwain admitted as much about the offensive line following the game, emphasizing the unit needs to be more physical. Lavert Hill really stood out out to me, as did Brandon Watson who had a critical pass breakup in the fourth quarter.
Now that the debt ceiling needs to be raised again, President Trump has signaled that he doesn't want a messy fight over it. In the wake of Hurricane Harvey , however, Mnuchin told CNBC on Thursday that the deadline could move up a few days.
The team has Tom Brady and it's anyone's guess how long he plans to continue playing, but as long as he's around, it's his show. Shipping off Dorsett - sunk costs in the eyes of the franchise - looked to be in the cards for a while.
Over the last ten weeks, according to the API, crude oil inventories in the United States have shed more than 46 million barrels. The No. 2 US refinery, ExxonMobil's Baytown, Texas facility, is also offline and has suffered some roof damage.
Apple is expected to unveil the upcoming iPhone 8 in less than a couple of weeks during the company's press event on September 12. The numbering system stopped making any sort of sense a long time ago, and an overhaul to iPhone branding is long overdue.
The 29-year-old man police are questioning is from Lackawanna County and takes classes at Temple, a police source said. She reportedly transferred from Montgomery County Community College to the university for the fall semester.
Putin: Trump Can't Disappoint Me, We're Not Married
North Korea on Sunday conducted its most powerful nuclear test to date, triggering USA warnings of a "massive military response ". These are not diplomats accredited by the US State Department, they are staff members of an global organization.
US, Allies in Show of Force against N. Korea
It reiterated the importance of maintaining peace and stability on the Korean Peninsula and in Northeast Asia at large. Independently of the joint exercises with South Korea, the U.S.
Virginia Tech holds off West Virginia 31-24 in thrilling opener
Redshirt freshman quarterback Josh Jackson threw for 236 yards and a touchdown for the Hokies, while rushing for 101 and a score. Somehow, the best player on the Virginia Tech offense got left all alone in the West Virginia secondary, and he capitalized.
Gasoline prices head higher while motorists panic
Hurricane Harvey's impact on gasoline supplies and prices is beginning to be felt well outside the Texas Gulf Coast storm zone. At the same time, the amount of crude entered into refineries reached a record high of 17.73 million bpd, the data showed.