Wednesday, August 26, 2015

Wall Street rally goes up in smoke

In a dramatic session, major indices turned negative in the final minutes of trading after previously climbing almost 3 percent.

Investors cited more worries that a slowdown in China could hobble global growth, even after the country's central bank cut interest rates on Tuesday for the second time in two months. The move came after Chinese stocks slumped 8 percent on Tuesday, on top of an 8.5 percent drop on Monday.

Read more... http://mobi.iol.co.za/#!/article/wall-street-rally-goes-up-in-smoke-1.1905661

Reuters: Financial Services and Real Estate

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