Stocks dived at the close on Tuesday, erasing a huge rally — and any hope that the worst of the Wall Street turmoil was over, NBC News reported.
The market soared in early trading as investors shook off fears of a slowing Chinese economy and a further plunge in Asian stocks. The Dow Jones industrial average climbed as much as 442 points, or 1.9 percent.
But the gains slowly faded in the afternoon, and a last-minute sell-off left the Dow down 204. That came on top of a turbulent Monday, when the Dow plunged almost 1,100 points in the morning and closed down more than 500.
And analysts caution that the markets may not calm down anytime soon.
