China Anxiety Resurfaces to Torpedo Relief Rally in U.S. Stocks

Updated on
  • Dow average erases gain of as much as 442 points in final hour
  • Bulls' hopes dashed after China cuts interest rates again

Why Did the Market Rally Evaporate in the Final Hour?

A rebound that took the Dow Jones Industrial Average up more than 440 points disappeared in the final hours of trading, with investors giving in to trepidation over what will happen overnight in China amid the most volatile equity markets in four years.

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