Bullish sentiment fell among financial advisers surveyed in the weekly Investors Intelligence poll.
The percentage of financial advisers who are bullish on the market slipped to 48.1% from 50.5% a week earlier, while bearish sentiment rose to 18.3% from 18.1%.
The percentage of financial advisers expecting a market correction grew to 33.6% from 31.4%, with the latest figure reaching its highest level this year.
In the week ended Tuesday, 46.8% of stocks listed on the New York Stock Exchange were above their 10-week moving averages.
The Dow Jones Industrial Average recently fell 87.13 points to 21812.76.
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(END) Dow Jones Newswires
August 23, 2017 10:02 ET (14:02 GMT)