23:52
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The S&P 500 is now 10 percent lower than its May record high, with the prospect of slowing global growth and an impending US interest rate hike curtailing a robust bull run that saw the index gain over 200 percent from the depths of the financial crisis in 2009.
The Dow Jones industrial average fell 2.84 percent to end at 16,058.35 while the S&P 500 .SPX lost 2.96 percent to 1,913.85 points.
The Nasdaq Composite dropped 2.94 percent to 4,636.11.
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