Stocks tumble: Dow down about 150 points now

New York (Aug 5)  Stocks are tumbling Tuesday, with the Dow diving around 160 points so far.

As of 3:20 p.m. ET, the Dow Jones industrial average is off 0.95%, the S&P500 is 1.8% lower and the Nasdaq composite is down 1.0%.

The big drop in stocks comes despite upbeat economic news. And correction talk persists on Wall Street as the hoped-for stock market rebound has hit a wall after Monday's gains.

Source: USAtoday