The Dow Jones Industrial Average fell 250.19 points, or 0.72 percent, to 34,496.06. The S&P 500 dipped 30.15 points, or 0.69 percent, to 4,361.19. The Nasdaq Composite Index decreased 93.34 points, or 0.64 percent, to 14,486.20.
Nine of the 11 primary S&P 500 sectors ended in red, with communication services and utilities down 1.45 percent and 1.34 percent, respectively, leading the laggards. Real estate and materials eked out modest gains.
U.S.-listed Chinese companies traded mostly lower with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Investors look ahead to earnings season as major banks will kick off their third-quarter earnings reports later this week.
For the week ending Oct. 8, the Dow rose 1.2 percent, while the S&P 500 and the tech-heavy Nasdaq Composite climbed 0.8 percent and 0.1 percent, respectively.
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