(CNBC) -- U.S. stocks fell sharply on Tuesday continuing a vicious April sell-off after a one-day breather, as investors dumped shares on fears of an economic slowdown.
The tech-heavy Nasdaq Composite dropped 3.95% and retreated more deeply into bear market territory, sitting now more than 22% off its high. The index posted a fresh 52-week low Tuesday. The Dow Jones Industrial Average shed about 810 points, or 2.4%, led by losses in global consumer bellwether Nike. The S&P 500 lost 2.8%.
For April, the S&P 500 is off by around 7%, the Nasdaq is down about 11% and the Dow is down roughly 3%. Tuesday marks the Dow’s third decline of more than 300 points within the past four days. The Nasdaq Composite neared its low for the year set in March.
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