landsberg bennettStocks finished firmly lower Tuesday. The Dow fell 190 points to 26,150 while the S&P 500 lost 17 points to 2,878. The Nasdaq Composite declined 44 points to 7,909.

The S&P 500 snapped an eight-day winning streak amid renewed concerns over slowing global growth and trade. The International Monetary Fund cut its world economic growth outlook to the lowest level in a decade. Elsewhere, a report showed the U.S. may impose tariffs on $11 billion worth of imports from the European Union. Investors were also seemingly awaiting the unofficial start to first-quarter earnings season, with several U.S. banks set to release profit tallies on Friday. On the data front, small business optimism narrowly increased in March. An additional report revealed U.S. job openings fell to an 11-month low of 7.08 million in February.

Nine of 11 S&P 500 sectors ended in negative territory with the Industrials leading the decline. Caterpillar lost 2.5% to $136.35, while Pentair tumbled 13.5% to $39.13 after the water filtration equipment maker cut its sales forecasts. The Communication Services group narrowly advanced with Facebook gaining 1.5% to $177.58 amid positive analyst comments. Meanwhile, shares of Apple slipped 0.3% to $199.50 snapping its streak of nine consecutive daily gains.

Breadth was negative on issues by 9:2 on the NYSE and by 3:1 on the Nasdaq. Composite NYSE Volume was more than 3.0 billion shares.

Treasuries modestly strengthened, with the yield on the 10-year note steady at 2.50%. In commodities, WTI crude lost 0.5% to $64.07/barrel after hitting a five-month high Monday. COMEX gold rose 0.5% to $1,302.90/ounce.