Kqed Michael Krasny News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Prompting a vicious selloff in the final minutes of trading. The morning started out much different. The opening bell rang and stocks took off. The Dow Jones Industrial average soaring as much as 440 points, staying elevated for much of the day, thanks to a cut in Interest Rates by the chinese government. But by late this afternoon, investors appeared less convi e convinced and the selling intensified, losing about 500 points in the final hour of trading. By the close, the blue chip dow index finished lower to 15,666. The nasdaq was off 19, and the s p 500 fell 25. The reversal in the dow and the s p was the biggest to the downside since the heart of the financial crisis. Bob has more on the rally that wasnt and why the bulls just couldnt hang on. We had a rally at the open, but stocks lost steam midday and gains were wiped out in the last hour, so whats the problem . T ....

United States , New York , Hong Kong , District Of Columbia , San Francisco , Sharon Epperson , Roth Ira , Elizabeth Holmes , Morgan Brennan , Susan Lee , Allen Weiss , Steven Paul , Kqed Michael Krasny , Dow Jones , Dow Jones Industrial , Dow Jones Industrial Average , Interest Rates , Blue Chip , Small Group , Group Tech , Like Apple , Free Fall , Multinational Companies , Companies Get , Global Economic , Economic Growth ,