U.S. stocks tumbled Tuesday after weak manufacturing data in China fueled investors’ worries about the world’s second-largest economy.
The Dow Jones Industrial Average slumped 408 points, or 2.5%, to 16120. The S&P 500 declined 2.5% and the Nasdaq Composite fell 2.2%.
Shares in Europe and Asia posted losses. The price of oil, which had rallied in recent days, slumped.
After calmer sessions on Friday and Monday, traders and investors said they were hoping last week’s volatility had passed. However, signs of turbulence returned Tuesday.