worries about the deteriorating profit picture.
The Dow Jones industrial average <.DJI> fell 231.77 points, or 2.50 percent, to close at 9,033.66, while the Standard & Poor's 500 Index <.SPX> shed 30.35 points, or 3.08 percent, to 955.05, just above its low for the day. The Nasdaq
Composite Index <.IXIC> dropped 73.35 points, or 4.14 percent, to 1,696.68, near its session low.
NYMEX-NEW YORK, Oct 21 (Reuters) - Oil prices tumbled 4 percent on Tuesday amid worries that a global recession would crush fuel demand, limiting the impact of any supply cuts by OPEC.
U.S. crude for November delivery
CBOT-SOYBEANS - November
Pressured by declines in crude oil amid recession jitters; firmer dollar also bearish. Traders taking profits after Monday's rally.
CBOT-SOYOIL - December
FCPO-KUALA LUMPUR, Oct 21 (Reuters) - Malaysian crude palm oil futures ended 1.5 percent lower on Tuesday after a leading industry analyst gave a bearish forecast amid losses in global vegetable oil markets.
The market was also pressured when Malaysia, the world's second-largest producer of palm oil, pushed back a key cabinet meeting on boosting palm oil prices to next week from Tuesday because several ministers were unable to attend.
The benchmark January palm contract
REGIONAL EQUITIES-SINGAPORE, Oct 21 (Reuters) - Most Southeast Asian stock markets edged higher on Tuesday as investors bet government rescue efforts would ease the global credit crisis and stabilise volatile financial markets.
The Philippine index <.PSI> led the day's gains, rising 2.6 percent, with Vietnamese shares <.VNI> up 2.5 percent, Malaysia <.KLSE> 1 percent, Indonesia <.JKSE> 0.9 percent and Thailand <.SETI> 0.4 percent.
But Singapore shares <.FTSTI> surrendered early gains to close down 1 percent, pressured by losses in Hong Kong. Hong Kong's Hang Seng index <.HSI> was weighed down by conglomerate CITIC Pacific <0267.HK>, which lost more than half its market value after it warned of forex losses amounting to nearly $2 billion.