NEW YORK (AP) — Another steep drop in the price of oil weighed on global markets Tuesday. Investors remained deeply concerned about the global economy following this week's disappointing Chinese and U.S. manufacturing data.
The Dow Jones industrial average fell 295.64 points, or 1.8 percent, to 16,153.54.
The Standard & Poor's 500 index lost 36.35 points, or 1.9 percent, to 1,903.03.
The Nasdaq composite index lost 103.42 points, or 2.2 percent, to 4,516.95.
For the week:
The Dow is down 312.76 points, or 1.9 percent.
The S&P 500 has lost 37.21 points, or 1.9 percent.
The Nasdaq is down 97.01 points, or 2.1 percent.
For the year:
The Dow is down 1,271.49 points, or 7.3 percent.
The S&P 500 is down 140.91 points, or 6.9 percent.
The Nasdaq is down 490.46 points, or 9.8 percent.