Wall Street tumbles as fears about slowing US economy worsen

Specialist Gregg Maloney on the floor of the New York Stock Exchange on Monday (Richard Drew/AP)

Nearly everything on Wall Street tumbled on Monday as fears about a slowing US economy worsen and set off another sell-off for financial markets around the world.

The S&P 500 was down by 2.4% in midday trading and on track for its worst day since 2022.