NEW YORK, Oct 28 (Reuters) - U.S. stocks fell further on Wednesday and the S&P 500 briefly fell 2 percent, after disappointing new home sales data sparked worries about the strength of the economic recovery, prompting a sell-off.
The financial sector led declines, and shares in the materials sectors were among the worst hit as the U.S. dollar rose 0.5 percent against a basket of currencies and sent commodity prices lower.
The Reuters/Jefferies CRB index of commodities fell 2 percent.
The Dow Jones industrial average lost 108.83 points, or 1.10 percent, to 9,773.34. The Standard & Poor's 500 Index fell 19.55 points, or 1.84 percent, to 1,043.86. The Nasdaq Composite Index dropped 54.13 points, or 2.56 percent, to 2,061.96. (Reporting by Rodrigo Campos; Editing by Jan Paschal)