U.S.
shares closed little changed after China’s move to stabilize its
financial markets left investors to focus on the prospects for global
growth amid renewed selling in crude oil and weaker-than-expected auto
sales.
The
Standard & Poor’s 500 Index rose 0.2 percent to 2,016.86 at 4 p.m.
in New York, after wavering between gains and losses following the
gauge’s 1.5 percent drop on Monday.
Stocks
in China rose Tuesday in volatile trading, stabilizing after weaker
factory data from the world’s second-largest economy sparked a worldwide
selloff on Monday. State-backed funds were said to intervene after
yesterday’s 7 percent plunge in the CSI 300 Index of
large-capitalization companies listed in Shanghai and Shenzhen wiped out
$590 billion of market value. European equities also climbed after a
2.5 percent rout on Monday.
Source : Bloomberg
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