After ending the previous session mostly lower, stocks saw some further downside at the start of trading on Tuesday. The major averages all moved firmly into negative territory, pulling back further off the highs set last week.

The initial downward move by the major averages reflects significant weakness in a variety of sectors, with housing, health insurance, and transportation stocks turning in some of the market's worst performances in early trading.

The major averages have continued to move lower in the past few minutes, pulling back to new lows for the session. The Dow is currently down 146.79 at 7,829.06, the Nasdaq is down 27.03 at 1,579.68 and the S&P 500 is down 17.60 at 817.88

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