Pursuits
Mood Worsening on Wall Street as S&P 500 Floor Eludes Bulls
- The Dow's peak-to-trough tumble beat its loss at Monday close
- U.S. stocks are in danger of erasing gains since 2013
Why Does China Matter So Much to U.S. Markets?
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In some ways, it was worse than Monday.
Stock bulls looking for a respite from the worst declines since 2011 instead had to watch as a 442-point rally in the Dow Jones Industrial Average vanished in the final hour. The tumble, stretching to 4 percent from the day’s highest level, dashed hopes that China’s interest-rate cut would put a floor under U.S. equities.