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Stock Markets Calmer Tuesday

  • VOA News

Trader William McInerney works on the floor of the New York Stock Exchange, Jan. 5, 2016.

Trader William McInerney works on the floor of the New York Stock Exchange, Jan. 5, 2016.

U.S. stocks were mostly up at the close of Tuesday’s trading, one day after a drastic plunge in China’s stock market sparked investor worries – and falling prices – around the world.

In New York, the S & P 500 advanced 0.2 percent and the Dow gained 0.1 percent, but the NASDAQ slid 0.1 percent.

Tuesday’s trading in China left stock prices largely even after a day of volatile price changes. Markets in Shanghai and Shenzhen fell about 2 percent at one point before closing with a loss of just 0.3 percent.

Japan's Nikkei, which fell 3 percent Monday, rallied to a small gain Tuesday before losing 0.4 percent at the close.

Monday’s global selloff was sparked by evidence that China’s growth is slowing down even after government efforts to bolster the economy. China is the world’s second-largest economy and a key market for many other nations.

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