Richard Drew/AP
- US stocks tumbled on Tuesday as weak economic data sparked the worst loss since March.
- Readings on sales of new homes and consumer confidence came in below forecasts.
- Investors are also contending with a possible interest rate hike and a government shutdown.
US stocks plummeted on Tuesday as weak economic data sparked fears of a recession, adding to worries about rates and a government shutdown.
The Consumer Confidence Index slid to 103, falling under August's 108.7 and missing views for 105.5, and a gauge of expectations reached a level usually associated with recessions, Conference Board reported.