[John W]

Further info, all bad-—

Stocks edged lower on Tuesday after data showed manufacturing shrank at its sharpest clip in more than three years in August and construction spending fell in July.

[Qbert]

"Stocks edged lower on Tuesday after data showed manufacturing shrank at its sharpest clip in more than three years in August and construction spending fell in July."

Worse, actually: Construction spending not only fell- it was the biggest miss in one year:

http://www.zerohedge.com/news/manufacturing-ism-misses-third-month-contraction-territory-biggest-miss-construction-spending-o