U.S. stocks were little changed in Tuesday’s trading, one day after a drastic plunge in China’s stock market sparked investor worries – and falling prices – around the world.
In New York, the Dow posted a modest gain, the S & P 500 a slight loss, while key European indexes rose moderately.
Tuesday’s trading in China left stock prices largely even after a day of volatile price changes.Markets in Shanghai and Shenzhen fell about two percent at one point before closing with a loss of just three-tenths of one percent.
Japan’s Nikkei, which fell 3 percent Monday, rallied to a small gain Tuesday before losing four-tenths of a percent at the close.
Monday’s global selloff was sparked by evidence that China’s growth is slowing down even after government efforts to bolster the economy.China is the world’s second-largest economy and a key market for many other nations.
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