U.S. Stocks Rise as Energy Shares Shrug Off Oil Slump Below $30

  • WTI crude's dip to $29.93 a barrel underpins Treasury gains
  • China tries to stabilize yuan, buying currency in Hong Kong

Are China Fears Overblown?

U.S. stocks built on their rally, rising for a second day amid speculation the China-fueled selloff that has coursed through global financial markets this year has gone too far. Treasuries climbed as oil dipped below $30 a barrel for the first time in 12 years.

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