Wall St slips in choppy trading ahead of inflation data; Dow slips 179 pts

All eyes on US CPI data on Wednesday; Peloton slumps as CEO says business 'thinly capitalized'

Wall Street's main indexes fell in volatile trading on Tuesday dragged down by banks and some megacap growth stocks as investors fretted over prospects of aggressive monetary tightening and slowing economic growth.

Eight of the 11 major S&P sectors declined, led by a 1.3% fall in financial stocks and a 2.4% dip in real-estate shares.

Banks dropped 2.3%, with JP Morgan Chase & Co down 2.4% to weigh the most on the S&P 500 index.

After rising as much as 2.8% earlier in the session, the tech-heavy Nasdaq was flat.

Shares of Apple Inc, Google owner-Alphabet Inc and Microsoft Corp rose more than 1%