Wall Street and Dow Jones Industrial Average

: At close, the Dow Jones industrial average had dropped 469 points, or 2.8%, to 16,058 and the Standard & Poor 500 index fell 58 points, or 3%, to 1,913, according to The Guardian. News that US manufacturing activity slowed in August added to pressure on share prices. After suffering their worst month in three years in August, US shares tumbled after Tuesday opening bell. Related:Wall Street down 2% as markets hit by Chinese economy woes - live updates The sell-off on Wall Street mirrored losses in Asia overnight, and later on European bourses, in the wake of more weak data on China manufacturing sector, suggesting output slumped to a three-year low in August. China Shanghai composite index suffered a smaller 1.3% loss. Worries about waning demand from the world second biggest economy left Japan Nikkei down a hefty 3.8%, taking it close to a six-month low last week. (news.financializer.com). As reported in the news.