U.S. stocks extended losses on Tuesday, with the S&P 500 and Nasdaq indexes falling 1 percent, as disappointing housing data and a drop in commodity prices hurt materials and energy shares.

Profit-taking also weighed on stocks after gains stemming from a spate of strong corporate earnings.

The Dow Jones industrial average <.DJI> dropped 89.10 points, or 0.88 percent, to 10,003.09. The Standard & Poor's 500 Index <.SPX> fell 10.45 points, or 0.95 percent, to 1,087.46. The Nasdaq Composite Index <.IXIC> declined 21.56 points, or 0.99 percent, to 2,154.76.