World stocks plunge on fears of US economic slowdown

New York - Stock markets across the globe plunged Monday as investors sold stocks on worries that the U.S. economy, the world's largest, might be slowing and possibly headed to a recession.

In afternoon trading, all three major U.S. indexes - the Dow Jones Industrial Average of 30 blue chip stocks, the broader S&P 500 index and the tech-heavy NASDAQ - were still down more than 2% after sustaining even steeper dec