Wall Street pares losses as Apple rebounds
Reuters
- U.S. stocks staged a dramatic recovery off their lows on Monday, helped by a turnaround in Apple's shares, but the three main indexes remained in or within spitting distance of correction territory amid fears China's growth is slowing. The Dow Jones industrial average - which fell into the correction zone on Friday - briefly slumped more than 1,000 points, its biggest point-drop ever.
Reuters
- U.S. stocks staged a dramatic recovery off their lows on Monday, helped by a turnaround in Apple's shares, but the three main indexes remained in or within spitting distance of correction territory amid fears China's growth is slowing. The Dow Jones industrial average - which fell into the correction zone on Friday - briefly slumped more than 1,000 points, its biggest point-drop ever.