Slump in Chinese manufacturing weighs on markets

Renewed concerns about economic growth abroad, specifically Europe and China, weighed on markets on Tuesday, causing stocks to erase all of the previous day's gains.

The Dow Jones industrial average lost 140.25 points, or 0.8%, to 17,750.91. The Standard & Poor's 500 index lost 18.06 points, or 0.9%, to 2,063.37 and the Nasdaq composite lost 54.37 points, or 1.1%, to 4,763.22.