Traders had begun the day optimistically after China cut its benchmark interest rate for the fifth time in nine months in an attempt to boost slowing economic growth.
The devaluation of the Chinese yuan and China's stock market meltdown might have a domino effect worldwide. In Dubai, the stakes are especially high.
"People want to take their money out of China and put it in a safe location,” an economist said.
Momentum stocks, including Apple, Netflix and Facebook, helped lead the S&P 500 technology sector higher.
Bank of America and Apple had the most shares traded Monday, when the Dow opened up by dropping by 1,000 points.
Consumer confidence was pegged at its highest level since January, which could indicate increased spending in the coming months.
"I think we'll have very weak growth," French Economic Minister Emmanuel Macron said in a meeting with German diplomats and journalists.
Fox host Bill O'Reilly is the latest interviewer to rip into Donald Trump's laundry list of quick fixes on economic issues.
"Get shopping" for bottled water and canned goods, a former member of Prime Minister Gordon Brown's administration advised Britons.
The tech company's stock was on the rebound Tuesday after a rough start to the week.
U.S. stocks rebounded Tuesday after China cut its benchmark interest rate for the fifth time in nine months in an attempt to boost slowing economic growth.
Alibaba Group Holding Ltd (BABA) chief executive Daniel Zhang penned a memo to employees following the company's NYSE crash.
Wang Jianlin, the richest person in Asia and chairman of the Dalian Wanda Group, was the hardest hit, losing $3.6 billion.
Profits after tax tumbled to $1.91 billion -- its worst performance in over a decade.
China's first amnesty in four decades will free military veterans, the elderly and disabled, and minors -- as long as they pose "no threat to society."
Goni was accompanied with strong winds and heavy rains in most of western Japan.
The move is the fifth one since November by the People’s Bank of China, which is struggling to contain a stock market crash and stem an economic slowdown.
After suffering severe losses on Monday, European indexes jumped over 3 percent during early trade Tuesday.
A roller-coaster day on the Chinese markets saw stocks slump, rebound and then plunge again, as an injection of more than $23 billion of funds into the market by the Chinese authorities failed to calm market sentiment.
The price of crude oil recovered slightly from Monday's record lows but prices are predicted to fall further to 2008 levels.
Most Asian markets, which started recovering after Monday’s dramatic fall, were hit by wild fluctuations Tuesday.
Cheaper oil imports mean local producers find it unviable to invest in new projects, making energy self-sufficiency a tough task.
