Live Markets-Red Sea: U.S. stocks end lower amid broad selloff

On the data front, the Empire State index surged to a 4-1/2-year high, handily overshadowing the negligible uptick in homebuilder sentiment.

The dollar slipped; gold rose about 1%; bitcoin gained about 2%, and U.S. crude advanced more than 2.5%.

The U.S. 10-year Treasury yield rose to about 4.73%.

On Tuesday, home improvement retailer Home Depot, Chinese search platform Baidu, and homebuilder Toll Brothers are due to step up to the plate.

Tomorrow, more housing data is on tap, with housing starts, building permits and pending home sales on the docket. Industrial production and import/export prices round out a full data menu.

Wall Street embarked on this mid-August week in a minor key, with all three major U.S. stock indexes posting modest losses on the day.

Among the 11 major sectors of the S&P 500, only energy stocks ended green, with a nice boost from rising crude prices. WTI and Brent settled up 2.6% and 2.7%, respectively, as markets pondered the U.S.-Iran stalemate and its resulting potential supply issues.

Chips and gold/silver stocks were also blatant outperformers on the day.

Among individual stocks, semiconductor companies SanDisk, Marvell and Applied Materials all jumped 5% or more, while Mag 7 members Meta and Microsoft slid 3.5% and 3.0%, respectively.

On the losing end, software & services lagged well behind, dropping 2.8%, with airline and travel/leisure shares also ending sharply lower on the session.