Wall Street rally goes up in smoke, indexes end lower | Reuters

A rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China's economy outweighed lower valuations that some earlier saw as bargains. 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.

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| Reuters appeared first on Firstpost.