Market turmoil: Dow trades in almost 1,000-pts range as volatility persists

US stocks wavered between gains and losses in volatile trading on Tuesday a day after the biggest one-day drops for the S&P 500 and Dow in more than six years.

 

After an initial two per cent drop, major Wall Street indexes recovered but did not sustain the rebound. Between the day’s highs and lows, the Dow Jones Industrial Average traded in an almost 1,000-point range.
 

European equities hit a six-month low, with London and Paris indexes each down more than two per cent. Hong Kong and Tokyo stocks