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Tuesday, August 25, 2015

CNN Breaking News

Buyers are making a comeback on Wall Street. The Dow soared more than 380 points in the first few minutes after Tuesday's opening bell as China attempted to revive its slumping economy.

The big gains mark a rebound from a dramatic wave of selling that has slammed stocks in recent days. The Dow plummeted an unprecedented 1,089 points at Monday's opening bell -- and closed the day down nearly 600 points -- due to deepening fears about China's economic slowdown and its crashing stock market.

Some sort of bounce was anticipated due to the enormous losses inflicted. All three major U.S. equity indexes had plunged into correction territory -- their first 10% decline from recent highs since 2011 -- even though the American economy doesn't appear to be falling off a cliff.

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