U.S. Stocks Retreat Following Second-Strongest Rally This Year
- Equities can't sustain rally after gains in China, Japan
- Markets remain prone to wide swings, shifts in sentiment
Does China Stock Rally Signal a Bottom for Shares?
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U.S. stocks dropped as market volatility remained pervasive, with equities giving back more than half of Tuesday’s gains from the second-strongest climb this year.
An early advance withered after a report showed job openings rose more than forecast, and declines picked up pace after a jump in Apple Inc. lost momentum during an event unveiling new products. Equity futures had soared at the outset, sparked by strong gains in Japan and China, leading to the brief opening surge. Energy companies led declines as oil slid 3.9 percent. Apple fell 1.9 percent.