NEW YORK (Reuters) - Stocks tumbled on Monday as investors feared that the widening fallout from the credit crisis will push the economy into recession.

A slide of more than 3 percent in oil prices underscored concerns about the toll of the credit crisis on the outlook for global economic growth.

The Dow Jones industrial average was down 560 points, or 5% percent. The Standard & Poor's 500 Index was down 37.99 points, or 3.46 percent, at 1,061.24. The Nasdaq Composite Index was down 7 percent, at.

Photo Copyright Getty Images

Copyright 2008 Reuters. click for restrictions

Copyright © 2003-2008 Clear Channel. All rights reserved.