For most of the day Tuesday, nervous investors got a breather as the Dow rallied on the market opening, up 392 points. But by the last hour of the roller-coaster trading day, U.S. stocks plunged again, obliterating the day-long rally and putting investors on edge again over worries about a market meltdown.
The Dow closed Tuesday with a loss of 205 points.
It’s on pace for its worst month since February 2009, after losing 1,000 points last week, topped off by another loss of 588 points Monday. The Dow has lost a total of nearly 1,900 points, or 11 percent.
Meanwhile, the steep selloff in China continues, with the stock market crash there wiping out more than $1 trillion in value from equities as the Shanghai exchange lost 22 percent over just the past four days....
