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Aug 26, 2015

Wall Street surges as rate hike expectations recede

Aug 26 (Reuters) – Wall Street rallied more than 3 percent
on Wednesday afternoon as fears about China’s economy gave way
to bargain hunters emboldened by expectations the U.S. Federal
Reserve might not raise interest rates next month.

The surge followed a similar strong rise on Tuesday that
collapsed late in the session with many traders unwilling to
hold stocks overnight.

Aug 25, 2015

Wall Street’s rally goes up in smoke, indexes end lower

Aug 25 (Reuters) – A strong rally on Wall Street evaporated
on Tuesday and stocks ended with deep losses as concerns about
China’s economy outweighed lower valuations that some saw
earlier as bargains.

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

Aug 25, 2015

Wall St. rally loses steam in afternoon trading

By Noel Randewich

(Reuters) – Wall Street rallied on Tuesday as investors bought beaten-down stocks a day after fears about China’s economy sent the market into its worst slump in four years.

Investors drove prices sharply higher from the opening bell but caution set in by the afternoon due to lingering concerns 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.

Aug 25, 2015

Wall Street’s sharp rally loses its edge

Aug 25 (Reuters) – Wall Street rallied on Tuesday as
investors bought beaten-down stocks a day after fears about
China’s economy sent the market into its worst slump in four
years.

Investors drove prices sharply higher from the opening bell
but caution set in by the afternoon due to lingering concerns
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.

Aug 24, 2015

Wall St posts worst day in four years, S&P 500 now in correction

Aug 24 (Reuters) – U.S. stock indexes plunged almost 4
percent on Monday as investors, rattled about China’s economy,
sold heavily in an unusually volatile session that confirmed the
benchmark S&P 500 was formally in a correction.

The Dow Jones industrial average briefly slumped more
than 1,000 points – its most dramatic intraday trading range
ever – with key component Apple falling heavily only to
claw back but end down 2.5 percent.

Aug 24, 2015

Wall St has worst day in four years, S&P now in correction

Aug 24 (Reuters) – U.S. stock indexes plunged almost 4
percent on Monday as investors, rattled about China’s economy,
sold heavily in an unusually volatile session that confirmed the
S&P 500 was formally in a correction.

The Dow Jones industrial average briefly slumped more
than 1,000 points, its most dramatic intraday trading range
ever, with key component Apple falling heavily only to
claw back and end down 2.5 percent.

Aug 24, 2015

Wall St suffers worst day in 4 years, S&P confirms correction

Aug 24 (Reuters) – Investors rattled about China sent U.S.
stock indices almost 4-percent lower on Monday in an unusually
volatile session that confirmed the S&P 500 was formally in a
correction, even after a dramatic rebound by Apple.

The Dow Jones industrial average briefly slumped more
than 1,000 points, its most dramatic intraday trading range
ever.

Aug 24, 2015

Wall Street trades sharply lower, Apple rebounds

Aug 24 (Reuters) – U.S. stock indices were close to 4
percent lower in afternoon trade on Monday but held above the
day’s worst levels after a dramatic turnaround in shares of
Apple Inc.

The Dow Jones industrial average briefly slumped more
than 1,000 points, its biggest point-drop ever.

Aug 24, 2015

Wall Street reduces losses after Apple rebounds

Aug 24 (Reuters) – U.S. stock indices were more than
2-percent lower in afternoon trade on Monday but were off the
day’s worst levels after a dramatic turnaround in shares of
Apple helped boost sentiment.

The Dow Jones industrial average briefly slumped more
than 1,000 points, its biggest point-drop ever.

Aug 21, 2015

Alibaba drop leaves stock pennies above IPO price

SAN FRANCISCO, Aug 21 (Reuters) – Shares of Alibaba Group
Holding Ltd fell 3 percent on Friday and were
perilously close to breaking below the price set in the largest
IPO in history as fears of a China-led global slowdown rattled
investors.

A potential move below $68 would make China’s largest
e-commerce firm the second high-profile tech company to fall
below its IPO price this week after Twitter Inc on
Thursday dropped below its 2013 IPO price.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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