Despite a small gain in the final trading session of the month, the blue-chip index's 4.3% decline in August was its poorest showing in nine years. Alix Steel has The Real Story.
Stock futures were pointing to a lower open Tuesday as continuing weakness in Asia prompted global slowdown fears.
The October delivery contract for crude on the Nymex was falling 65 cents to $74.52 a barrel.
The Commerce Department revised its quarterly gross domestic product estimate sharply lower to a seasonally adjusted 1.6% annual growth pace.
Natural gas storage levels in the lower 48 states added another 40 billion cubic feet for the week ended Aug. 20, said the Energy Information Administration.
The number of new applicants for state unemployment insurance fell by 31,000 to a seasonally adjusted 473,000 for the week ended Aug. 21.
Crude oil stockpiles surged by 4.1 million barrels in the week ended Aug. 20, but oil futures shrugged off the news and ended higher.
The Commerce Department said durable goods orders, those enduring, long-lasting, manufactured goods, rose by a seasonally adjusted 0.3%, or about $600 million, last month to reach $193 billion.
The October delivery contract for crude lost $1.47, or 2%, to settle at $71.63 a barrel.
Crude oil for October delivery on the Nymex lost 72 cents to settle at $73.10 a barrel.