SPX News by Allie Longford on 16:42 January 31, 2017 EST
The Dow Jones industrial average fell about 150 points while the S&P 500 slipped 0.46 percent, with industrials falling more than 1 percent to lead decliners.
Stocks suffered their worst trading day of the year, with the Dow falling around 120 points, while the S&P dropped more than 0.6 percent. Equities in the U.S., however, have rallied considerably since Trump's election.
In a report, the Institute for Supply Management (ISM) said its Chicago purchasing managers’ index decreased by 4.3 points to a seasonally adjusted 50.3 this month from a reading of 54.6 in December. That was its lowest reading since May 2016.
EUR/USD trades stronger at 1.0784 from around 1.0772 ahead of the release of the data while GBP/USD remained at 1.2528 and USD/JPY at 112.60, both broadly unchanged.