Hopes for stability in global stock markets were dashed on Tuesday as investors found fresh reasons to keep selling. In the early afternoon in the United States, the Standard & Poor's 500-stock index was down 48 points, or 2.4 percent.
Discount retailer Dollar Tree Inc's (DLTR.O) quarterly sales rose less than analysts had expected as it focused on integrating Family Dollar stores amid intense competition from mass retailers such as Wal-Mart Stores Inc (WMT.
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U.S. manufacturing activity expanded at its slowest pace in more than two years, a sign global turmoil and a strong dollar could be limiting factories.
NEW YORK Oil prices tumbled more than 7 percent on Tuesday in volatile trading that sent Brent futures back below $50 a barrel as weak Chinese data revived concerns about demand for petroleum after crude's three-day rally of more than 20 percent.