US stocks reverse in final hour; Down falls 205 points

US stocks are closing lower Tuesday after falling sharply in the final hour of trading. Stocks surged early in the day, rebounding from a big sell-off on Monday after the Chinese central bank said it was cutting interest rates to shore up its economy. However, investor confidence remains fragile after a series of big drops in recent days and the market suffered a dramatic reversal in the final hour of trading.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4694492,00.html

Leave a Reply

Your email address will not be published. Required fields are marked *