The Dow shed 154 points for its third-straight triple-digit loss on Tuesday after yesterday logging its worst single-day percentage drop since June 16. The S&P 500 settled slightly below breakeven, despite the energy sector enjoying tailwinds from talks around potential crude output cuts, while the Nasdaq finished flat.

Zoom Video's (ZM) post-earnings tumble, as well as worse-than-expected services and manufacturing purchasing managers' index (PMI) data, weighed on the broader market. Elsewhere, the Cboe Volatility Index (VIX) nabbed its highest close since July 26.

The Dow Jones Average (DJI - 32,909.59) shed 154 points or 0.5% for the day. Chevron (CVX) led the gainers, adding 3.2%. Procter & Gamble (PG) paced the laggards with a 1.9% drop.

The S&P 500 Index (SPX -4,128.73) fell 9.3 points or 0.2% for the day. Meanwhile, the Nasdaq Composite (IXIC - 12,381.30) lost 0.3 points or was flat for the session.

Lastly, the Cboe Market Volatility Index (VIX - 24.11) added 0.3 points or 1.3% for the day.

OIL PIVOTS HIGHER AS GOLD SNAPS LOSING STREAK

Oil prices rose sharply on Tuesday to settle at their highest level in over one week after Saudi Arabia brought up possible production cuts to support prices as crude inventories drop. Meanwhile, natural gas prices cooled from 14-year highs. October-dated crude rose $3.38, or 3.7%, to close at $93.74 per barrel on the day.

Gold prices finished higher, snapping a six-day losing streak -- their longest since July. Weakness in the U.S. dollar, as well as increased investor anxiety ahead of the annual Jackson Hole Economic Symposium on Friday, contributed to today's pop. December-dated gold added $12.80, or 0.7%, to close at $1,761.20 an ounce.

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