U.S. stocks fell on Tuesday as data showed factory activity contracted for the first time since 2016 in August, renewing fears that a drawn-out trade war between the United States and China could tip the world's largest economy into recession.

The Institute for Supply Management said its index of national factory activity decreased to 49.1, compared with a reading of 51.1 estimated by analysts polled by Reuters.

At 11:23 a.m. ET the Dow Jones Industrial Average was down 361.35 points, or 1.37%, at 26,041.93 and the S&P 500 was down 24.80 points, or 0.85%, at 2,901.66. The Nasdaq Composite was down 78.11 points, or 0.98%, at 7,884.78.

Source : Reuters