US stocks fall sharply on bleak Chinese manufacturing report
By KEN SWEET, Associated Press
Sep 1, 2015 11:01 AM CDT
Trader Eugene Mauro, right, works on the floor of the New York Stock Exchange, Tuesday, Sept. 1, 2015. More signs of weakness in China's economy are sending global stock markets sharply lower. (AP Photo/Richard Drew)   (Associated Press)

NEW YORK (AP) — More signs of weakness in China's economy are sending stocks and the price of oil sharply lower.

The swoon Tuesday comes a day after U.S. stocks closed out their worst month in more than three years.

The Dow Jones industrial average fell 335 points, or 2 percent, to 16,193 as of noon Eastern time.

The Standard & Poor's 500 fell 37 points, or 1.9 percent, to 1,935. The Nasdaq slid 73 points, or 1.5 percent, to 4,695.

Benchmark indexes were down 2.4 percent in Germany and 3 percent in Britain. Japan's Nikkei fell 4 percent.

An official index of Chinese manufacturing fell to a three-year low last month.

The signs of weakness in China, a major importer of oil, sent the price of crude skidding 7 percent.

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