While you were sleeping: Wall Street pares gains

Tue, 12 Jan 2016

By Margreet Dietz Jan. 13 (BusinessDesk) - Wall Street pared earlier gains as oil plumbed fresh lows, while other commodities also fell, as investors tried to gauge China’s efforts to stabilise its stock market and currency. In 12.54pm trading in New York, the Dow Jones Industrial Average fell 0.1 percent. The Nasdaq Composite Index, however, rose 0.2 percent. In 12.39pm trading, the Standard & Poor’s 500 Index slid 0.2 percent, after earlier rising as much as 1.2 percent. “This is a market that’s been selling off very hard and is prob...

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