NEW YORK (AP) - Stocks are falling to their lowest level in a month as worries mount over a slowdown in China and a debt crisis in Ireland.
Asian markets led a global sell-off Tuesday after South Korea raised interest rates and investors worried that China would follow suit.
European officials scrambled to stop Ireland's debt troubles from turning into another meltdown, six months after a bailout of Greece.
According to preliminary calculations, the Dow Jones industrial average is down 178, or 1.6 percent, at 11,024.
The S&P 500 is down 19, or 1.6 percent, to 1,178, while the Nasdaq is down 44, or 1.8 percent, at 2,470.
Eight shares fell for every one that rose on the New York Stock Exchange, where volume came to 1.3 billion shares.