The Dow Jones index and the Nasdaq fell 1.08% to 33,684.53 points and 12,080.51 points. The banking sector (-2.39%) dragged the broader index down with the energy index (-4.28%) The prospect of a further interest rate hike by the Federal Reserve on Wednesday also increased pressure on banks, several analysts said.

Uber pulled out of the game jumping 11.64% after reporting results and forecasts that exceeded expectations thanks to strong demand for its services.