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Aug 26, 2015

Wall Street opens higher but China jitters persist

NEW YORK (Reuters) – Wall Street opened higher and European shares cut their losses on Wednesday as investors tried to shake off fears about China’s slowing economy.

The benchmark S&P 500 was up 1.6 percent after about an hour of trading, off its earlier highs, helped by stronger-than-expected data on durable goods orders.

Aug 25, 2015

Wall Street ends down after China rate cut fails to calm nerves

NEW YORK, Aug 25 (Reuters) – U.S. stocks ended down on
Tuesday after sharply reversing early gains late in the session
as investors were unconvinced China’s move to cut to interest
rates and banks’ reserve requirements could ease global growth
concerns.

The dollar also gave up much of its gains from earlier in
the day. Wall Street trading was volatile and the S&P 500 ended
down 1.4 percent after a late selloff following a gain of as
much as 2.9 percent earlier in the day.

Aug 25, 2015

China rate cut gives stocks, oil, dollar relief; volatility high

NEW YORK, Aug 25 (Reuters) – Markets rebounded on Tuesday
with world stocks, oil prices and bond yields all rising after
China cut interest rates and banks’ reserve requirements in a
bid to kick-start its wavering economic growth.

But while the S&P 500 rose as much as 2.9 percent during
Tuesday’s session, trading was volatile and its gains had
receded to just a 1.3 percent in late afternoon trading.

Aug 25, 2015

Stocks, oil, dollar rise after China cuts rates

NEW YORK, Aug 25 (Reuters) – Stocks, oil prices and
safe-haven bond yields rose on Tuesday as a tentative market
rebound picked up pace after China cut interest rates and banks’
reserve requirements to kick-start its wavering economy.

Wall Street opened more than 2-percent higher, recouping
some of its losses from the previous day’s selloff, its worst in
four years, which had put the S&P 500 and Nasdaq composite
indexes in correction territory.

Aug 24, 2015

China share plunge smacks world markets; S&P, Nasdaq in correction

NEW YORK, Aug 24 (Reuters) – A near-9 percent dive in China
shares sent world stocks and commodity prices tumbling on
Monday, and U.S. stocks ended a volatile day with the S&P 500
and Nasdaq composite indexes sliding into correction territory.

After dropping more than 1,000 points, or almost 7 percent,
at Wall Street’s open, the Dow Jones industrial average
cut its losses but still finished down 3.6 percent. The Standard
& Poor’s 500 index closed down 3.9 percent for the day
and was 11 percent lower than its May record high.

Aug 24, 2015

China stock plunge smacks global shares, U.S. stocks dive

NEW YORK, Aug 24 (Reuters) – World stock markets plunged on
Monday after a near-9 percent dive in China shares and a tumble
in oil prices, while U.S. stocks were on track to end the day
with steep losses even after a striking comeback in a volatile
day.

After dropping more than 1,000 points, or almost 7 percent,
at Wall Street’s open, the Dow Jones industrial average
cut losses but was still off almost 4 percent in afternoon
trading. The Standard & Poor’s 500 index was down 4
percent and appeared to be on track for correction territory, or
a 10-percent drop from its May record high.

Aug 24, 2015

China stock plunge hits world markets, but U.S. stocks stabilize

NEW YORK, Aug 24 (Reuters) – World stock markets plunged on
Monday after a near-9 percent dive in China shares, but
commodities and the dollar pared losses and U.S. stocks staged a
striking comeback in a volatile session after European markets
closed.

After dropping more than 1,000 points, or almost 7 percent,
at Wall Street’s open, the Dow Jones industrial average
eased losses and was off less than 2 percent in afternoon
trading. The benchmark Standard & Poor’s 500 index was
down 2 percent after earlier approaching correction territory,
or 10 percent off its record high.

Aug 24, 2015

China stock plunge hits world stocks, dollar; U.S. stabilizes

NEW YORK, Aug 24 (Reuters) – World stock markets plunged on
Monday, after a near 9 percent dive in China shares and a sharp
drop in the dollar and major commodities sent investors rushing
for the exits.

After dropping more than 1,000 points, or almost 7 percent,
at Wall Street’s open, the Dow Jones industrial average
eased losses but was still off more than 1 percent at midday.
The Standard & Poor’s 500 index was down by a similar
margin after the U.S. benchmark earlier dropped nearly 10
percent below its record.

Aug 24, 2015

Great fall of China sinks world stocks, dollar

NEW YORK (Reuters) – World stock markets plunged on Monday, as a near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit.

The Dow Jones Industrial Average dropped more than 1,000 points as Wall Street opened, and the benchmark Standard & Poor’s 500 index slid more than 2.5 percent, a drop that puts it nearly 10 percent below its record high.

Aug 8, 2015

Shipping: Oil tankers sheltered from gas, dry bulk weakness

By Sinead Carew

(Reuters) – Maritime stocks have broadly fallen this year as weak demand for some commodities and goods in Asia and oversupply of ships have hurt much of the industry, with one notable exception: Oil tankers have been doing a booming business and their shares are up as much as 50 percent year to date.

Growth in oil tanker shares can run a bit longer, analysts and investors say, though they see weakness in dry bulk, liquid natural gas and container shipping extending into 2016 or beyond.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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