US Stocks Close Lower In Fincls Led, Broad Slide

Nearly every component was a dog of the Dow on Tuesday, as Bank of America, American Express and JPMorgan paced a broad-market, financials-led pullback that pushed 29 of the Dow Jones Industrial Average's 30 components into the red.

After ticking slightly higher following a report that the Institute for Supply Management's monthly manufacturing index marked its highest reading since June 2007, stocks sold off for the rest of the session. Banks were at the forefront of the declines after pacing the market higher for much of August, especially in the last week. (more)