Wall Street slumps as weak China data stokes growth fears

Wall Street slumped on Tuesday, pushing all three major indexes into negative territory for the year, after weak factory data from China heightened fears of a slowdown in the world's second-largest economy and its effect on global growth. The weak China data pushed down oil prices more than 4 percent, snapping three days of gains. At 11:04 a.m. ET (1504 GMT) the Dow Jones industrial average was down 357.81 points, or 2.16 percent, at 16,170.22.