Stock Market Today: Stocks slide on growth worries with jobs data, tariffs in focus

U.S. stocks tuned lower in early Monday trading amid a big retreat for the dollar and a nudge lower in Treasury bond yields, as investors looked to a busy week of tariff headlines and economic data that could add further downside pressure to the market's recent slump.

Updated at 10:07 AM EST

Solid open

The Institute for Supply Management's  benchmark manufacturing activity survey slump lower in February, holding just barely above the 50-point level that separates growth from contraction, providing more evidence of economic weakness heading into the depths of the first quarter.

The ISM's headline index fell to 50.3 from 50.9, with new orders tumbling more than 6 points to 48.6 points, for the biggest one-month decline in nearly three years. The prices paid component, meanwhile, surged more than 7 points to 62.4 points, well ahead of the Street's 55.8 point forecast. 

Stocks turned lower following the data release, with the S&P 500 marked 22 points, or 0.37% lower and the Nasdaq giving back its earlier gains to fall 129 points, or 0.68%

Benchmark 2-year Treasury note yields were last see 2 basis points lower at 4.001% while 10-year notes eased to $4.208%.

⚠️BREAKING:

*U.S. FEBRUARY ISM MANUFACTURING PMI SURVEY FALLS TO 50.3; EST. 50.6; PREV. 50.9