US STOCKS-Wall St tumbles on credit, recession worry

 (Updates with market extending losses)

NEW YORK, Oct 6 (Reuters) - U.S. 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 .DJI was down 309.59 points, or 3.00 percent, at 10,015.79. The Standard & Poor's 500 Index .SPX was down 37.99 points, or 3.46 percent, at 1,061.24. The Nasdaq Composite Index .IXIC was down 75.04 points, or 3.85 percent, at 1,872.35.

Earlier the Nasdaq fell by more than 4 percent. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)