Dowt Nasdaq News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Back to a top story. volatile day on wall street. a surge and late day selloff into negative territory. here is hampton pearson with the market wrap. >> we had a dramatic turnaround for u.s. stocks in the last hour of trading. the dow closing down 204 points after rallying as much as 441 points higher earlier in the session. the s&p ended the day 25 points lower. the nasdaq off by 19. that is it from cnbc first in business worldwide.

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Market couldn't sustain the momentum earlier of the day. all three averages up at least 3% at the highs of the session. now they are all in the red. the biggest reversal to the downside we've seen since october 2008 during the height of the financial crisis and the first six day losing streak for the s&p 500 since july 2012. really remarkable considering the day started so promising. we had seen the dow up over 441 points at the height of the session. and that was due in part to news of china's rate cut. but there is still a lot of concern for the outlook of the world's second largest economy....