DOW Drops Over 1000 Points in First Few Minutes of Today's Trading, But Has Rallied Back to Less-Frightening -275

So those of you in the market are having some news today.

As of 11:30 a.m. ET, the Dow Jones Industrial Average tumbled 462 points, or 2.81% to 16004. The S&P 500 dropped 57 points, or 2.92% to 1913, while the Nasdaq Composite plunged 126 points, or 2.69 % to 4579.
As of 11:30 a.m. ET, the Dow Jones Industrial Average tumbled 462 points, or 2.81% to 16004. The S&P 500 dropped 57 points, or 2.92% to 1913, while the Nasdaq Composite plunged 126 points, or 2.69 % to 4579.

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The concern came as traders wonder what the next shoe to drop is from Chinese officials to stem the bleeding. The world’s second-largest economy moved two weeks ago to devalue its currency, the yuan, on the heels of continued weakness in its economic data.

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China’s Shanghai Composite Index plummeted more than 9% during the session Monday, and closed down 8.5% pushing equity markets in Asia to give up their 2015 gains. Hong Kong’s Hang Seng tumbled 5.17%, while Japan’s Nikkei dropped 4.61%.

Angry Chinese Investors "Capture" Official, Turn Him Over to Police: So, some consternation in China.

posted by Ace at 11:55 AM

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