Stock market losses worsened Tuesday morning after manufacturing data hit the wires.
The Dow Jones industrial Average has dropped 251 points, or 0.6%, while the S&P 500 has fallen 0.9%. The Nasdaq Composite has declined 1.2%.
The problem is that the major indexes are up double digits for the year, already reflecting that interest-rate cuts will enable the economy to continue to grow. Now, markets would like to see signs of strong growth in order for buyers to continue to prop up stocks.