NEW YORK (Reuters) - The Dow and S&P 500 ended slightly lower on Tuesday as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes.

The International Monetary Fund cut global economic growth forecasts for 2018 and 2019 and its 2019 U.S. and China estimates, saying the two countries would feel the brunt of their trade war next year.

Meanwhile, U.S. President Donald Trump repeated a threat to impose tariffs on $267 billion worth of additional Chinese imports if Beijing retaliates for the recent levies and other measures the United States has taken in the countries’ escalating trade war.

The materials index .SPLRCM ended down 3.4 percent, its biggest one-day percentage drop since February 8. Chemical company PPG Industries PPG.N was its biggest loser, falling 10 percent after warning that its current-quarter profit would be hit by higher raw material costs and softer demand in China.

“If industrials and materials are weighed on because of concerns about global activity, it’s going to cast a pall over the market at large since S&P 500 companies generate about half of their business from overseas markets,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

The Dow Jones Industrial Average .DJI fell 56.21 points, or 0.21 percent, to 26,430.57, the S&P 500 .SPX lost 4.09 points, or 0.14 percent, to 2,880.34 and the Nasdaq Composite .IXIC added 2.07 points, or 0.03 percent, to 7,738.02.

But the main indexes gained some support from falling U.S. Treasury 10-year yields after a spike last week had put pressure on equities.

“It’s almost as if the 10-year looked in the mirror and scared itself. It’s come down, so stocks have been given something of a breather,” said Kristina Hooper, chief global market strategist at Invesco in New York.

Along with chemicals companies, paper packaging stocks WestRock WRK.N and Packaging Corp of America PKG.N both fell 8 percent, after BMO flagged the risk of rising industry supply.

The trade-sensitive industrials sector .SPLRCI lost 1.5 percent with help from airline stocks .SPLRCALI, which fell 3 percent.

American Airlines AAL.O was its biggest percentage decliner with a 6.5 percent drop after it said fuel prices were higher than expected in the third quarter, triggering concerns that rising fares were not enough to offset energy costs.

The energy index .SPNY was the S&P's biggest gainer, with a 1 percent advance as oil prices rose on growing evidence of falling Iranian crude exports and a partial Gulf of Mexico production shutdown due to Hurricane Michael. [O/R]

Declining issues outnumbered advancing ones on the NYSE by a 1.13-to-1 ratio; on Nasdaq a 1.51-to-1 ratio favored decliners.

The S&P 500 posted 16 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 22 new highs and 118 new lows.

Volume on U.S. exchanges was 7.26 billion shares, in line with the 7.27 billion average for the last 20 trading days.