Homebuilders declined after the government said sales of new US homes declined in September for the fourth straight month.
The S&P 500 fell 25 points, or 0.9 percent, to 2,730 as of 1:15 p.m.
The Dow fell 608 points, or 2.4 per cent, to 24,583. The Nasdaq slid 131 points, or 1.8 percent, to 7,306. The Nasdaq composite gave up 75 points, or 1 per cent, to 7,362.
EARNINGS SPREE: Investors were weighing the latest batch of company results in the busiest week of the quarterly earnings calendar. Some companies, including Caterpillar and 3M, have reported disappointing results and warned of rising costs related to tariffs related to the U.S.
Twitter rose 18.6 percent after strong ad sales boosted third-quarter profit, while Comcast gained 18.6 percent after the media company's quarterly results beat Wall Street estimates. The government is expected to say Friday that the USA economy grew by 3.3 percent in the third quarter, after growing by 4.2 percent in the second quarter.
Shares fell moderately in Asia on Thursday after another torrent of selling on Wall Street sent the Dow Jones Industrial Average plummeting more than 600 points, erasing its gains for the year.
HOUSING SKID: The Commerce Department said sales of new US homes plunged 5.5 percent in September, the fourth monthly drop. "Could Asian markets really withstand four rate hikes in USA next year?"
And on the economic data side, the September readings on durable goods orders and pending home sales, along with the weekly report on initial jobless claims, are expected to be released. Intel, due to report earnings later this week, fell 4.7 percent.
The Dodgers Are Headed to the World Series! (Again)
It was the first October blip for the right-hander, who hadn't allowed a run in his previous two starts this postseason. The lefty fireballer provided three scoreless innings in which he allowed two base runners and struck out four.
Eden Hazard: Chelsea forward out of Europa League match with back injury
He's improving but also he needs to improve the defensive phase. "First of all, as I said after the match, we were wrong", Sarri said.
Pressure turns to Mexico as migrant caravan heads for border
Pompeo thanked Mexico for its efforts to address the migrant flow, including calling in the United Nations for assistance. They threatened deportation for those who tried to enter illegally, and said they would process the migrants one by one.
Boeing jumped 3.3 per cent after beating analysts' earnings forecasts. Brent crude, used to price worldwide oils, dropped 4.1 percent to $76.52 per barrel in London.
In other trading, benchmark USA crude lost 50 cents to United States dollars 66.34 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price global oils, gained 0.3 percent to $76.67 per barrel in London.
The dollar weakened to 112.19 yen from 112.82 yen on Monday. Apple fell 1.6 percent.
Already languishing in a bear market, its 11% slump in October puts the Hang Seng Index on course for a six-month losing streak, the worst since 1982. Germany's DAX added 0.4 percent, while the CAC 40 in France rose 1 percent.
Citi has lowered its global growth forecast for both 2019 and 2020 by 0.1 percentage point each to 3.2 percent and 3 percent, respectively, it said in a note Thursday, citing policy tightening by the U.S. Federal Reserve.
The pan-European STOXX 600 was nearly back at level pegging having opened down nearly 1 percent and after Japan's Nikkei had slumped 3.5 percent overnight.