Nearly everything on Wall Street is tumbling Monday as fear about a slowing US economy worsens and sets off another sell-off for financial markets around the world.

The Dow Jones Index closed at 26,118.02 on Tuesday. a drop of 285.25 points from Friday when the US industry index on August fell for the first time in three years as investors showed their concern about the latest round of tariffs on imports from China that came into effect on September 1.