Wall Street down sharply amid growth fears, oil slide

Wall Street was sharply lower in afternoon trading on Tuesday, with all 10 major S&P sectors in the red, after weak economic data out of China and Europe rekindled fears of a slowing global economy. Activity at China's factories shrank for 14 straight months in April as demand stagnated, a private survey showed. Oil prices dropped about 2 percent as rising output from the Middle East renewed concerns about global oversupply.