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Investment Week LogoAll three of the major US indices have soared after the People’s Bank of China lowered the country’s interest rates earlier today.  The S&P 500 is 2% up on Monday’s closing figure, trading at 1,929, while the Dow Jones has risen 2% and the Nasdaq has rebounded 2.6%. All three benchmark indices had suffered during yesterday’s ‘Black Monday’ sell-off, as global markets tumbled on growing fears over Chinese volatility. That followed earlier dramatic falls last Thursday and Friday.

[Source: - August 25, 2015 - Alice Rigby]


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