The Dow Jones lost 358 points or 3% to 11,453, while the Nasdaq declined 80 points or 3.3% to 2321.
Indian ADRs too had a rough day. Satyam lost 6.05%, HDFC Bank declined 5.5% and Tata Motors fell 5.4%. ICICI Bank and Wipro too lost over 5% each. All other ADRs were in the red except Sify which was up 7.7% and Tata Communication, up 0.06%.