Wall Street Down Approaching 3%

Wall Street returned volatile on Tuesday, poor Chinese manufacturing activity data raises new concerns on the world's second largest economy, and pressing down three major US indexes nearly 3%. Market participants are now beginning to worry about the possibility of selling off long-term hit Wall Street.

Not only in China, in Europe until the US manufacturing activity declined in August. The Institute for Supply Management (ISM) reported the US manufacturing activity index fell to 51.1 from 52.7 in July. Figures in August, the lowest level since May 2013.

Grim market conditions increased after the leadership of the International Monetary Fund, Christine Lagarde, said the current global economic growth looks slower than a few months earlier.

Shares of the energy sector fell for the first time in five days after oil prices fell after the biggest rally since 1990 in three days.

The Dow Jones Industrial Average slumped 469.68 points, or 2.8%, to 16058.35. S & P 500 sank 58.33 points, or 3%, to 1913.85, and the Nasdaq Composite fell 140.40 points, or 2.9%, to 4636.10.