US stocks fall as consumer and machinery companies slide

NEW YORK (AP) — U.S. stocks are skidding Tuesday as investors worry about the health of Europe's banks and the U.S economy.

Cruise line operator Royal Caribbean cut its forecasts for the year as the strong dollar continues to affect its results.

Investors are worried that after setting records, U.S. auto sales may have peaked.

Emerson Electric, which makes valves and process controls systems, posted disappointing quarterly results.

THE QUOTE: "The market had just rallied... and now it's sort of paused," said Jim Paulsen, the chief investment strategist for Wells Capital Management.

While the Dow and S&P 500 have set records recently, Paulsen said stocks haven't moved very much over the last few weeks and investors are sensitive to signs of economic weakness.

Drugstore chain and pharmacy benefits manager CVS Health raised its 2016 forecasts as specialty drug prices kept rising and deals for Omnicare and Target's pharmacy and clinic unit boosted its results.

Discovery Communications, the company behind TLC, Animal Planet and other channels, reported a profit that was larger than analysts expected as its U.S. business got stronger.

While the Japanese government approved a new economic stimulus package worth about $275 billion, investors were skeptical the measure will work.