US stock indexes closed lower on Tuesday, with the S&P 500, Dow Jones, and Nasdaq 100 all posting 1-month lows. Tech weakness led the decline, with Amazon, Microsoft, and Home Depot all down significantly. Signs of labor market weakness boosted T-note prices and supported stocks. Weekly initial unemployment claims were at 232,000, while continuing claims rose to a 2-month high. Overseas markets were also lower. Q3 earnings season is wrapping up with strong results. The markets are pricing in a 48% chance of another rate cut in December. Key economic reports are expected this week.

Read more at Barchart: Stocks Retreat on Tech Weakness