Stocks dived at the close on Tuesday, erasing a huge rally — and any hope that the worst of the Wall Street turmoil was over. 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 after 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.
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.