Wall Street falls as data, financials weigh

Stocks extended losses on Tuesday after data showed inventories at wholesalers dropped in June, and downgrades on banks prompted investors to sell stocks.

The Dow Jones industrial average (.DJI) fell 85.17 points, or 0.91 percent, to 9,252.78. The Standard & Poor's 500 Index (.SPX) lost 9.49 points, or 0.94 percent, to 997.61. The Nasdaq Composite Index (.IXIC) gave up 21.08 points, or 1.06 percent, at 1,971.16.