The Institute for Supply Management's manufacturing purchasing managers' index (PMI) indicted a contraction in September, which is its second straight month of decline. The headline PMI dropped to 47.8 versus the 50.2 expected reading, marking U.S. domestic manufacturing activity to its weakest level since 2009. This reading has continued U.S. markets dive into the red Tuesday.

Here's the main U.S. market moves for Tuesday:

Dow Jones Industrial Average (DIA): -1.28% or 343.79 points

S&P 500 Index (SPY): -1.23% or 36.43 points

NASDAQ Composite Index (QQQ): -1.13% or 90.65 points

The manufacturing PMI report brings great fear of an impending recession, since much of the market's recent activity is eerily mirroring events before the recession of 2008. Coupled with the IHS Markit's eurozone PMI demonstrating a contraction below the neutral level of 50 to a reading of 45.7 for September, it seems like a global economic slowdown is on the horizon.

Though it might not be the only growth suppressor, the trade-war between the U.S. and China has greatly slowed down the global economy. The uncertainty of the political relationships between the two economic giants has caused many businesses to cut costs at the expense of economic expansion. Brexit has also weighed heavy on the eurozone, with U.K. trade uncertainty rising as the deadline nears.

In sector news, every U.S. market sector saw losses today with Industrials -15.69, Technology -12.02, and Energy -10.06 being the largest point drops.

With the start of October and the last fiscal quarter, hopefully the global market will begin to expand following the outcomes of what will be a historic month. Tomorrow's update will follow more news surrounding the global economy.