Stocks Are Lower For The Third Straight Day

Stocks were lower for the third straight day in early trade on Tuesday.

Shortly after the market open, the Dow was down 44 points, the S&P 500 was down 5 points, and the Nasdaq was down 7 points.

On Tuesday, the latest home price index report from the FHFA showed home prices rose 0.1% in July, less than the 0.5% that was expected.

We're also expecting economic reports in Markit's flash manufacturing PMI reading and the Richmond Fed manufacturing index.

Shares of Alibaba were down 2% in early trade as the Chinese e-commerce giant continues to retreat from where it opened for trade on Friday. At around $88 per share, however, the stock is still well above where its IPO priced last Thursday night.

Yahoo, which has been under pressure since Alibaba's debut, was down 1%.

Herbalife shares were up about 4% on Tuesday morning after the stock fell more than 10% on Monday into the market close.