US stock markets swung rapidly on Tuesday, amid frantic Wall Street trading triggered by earlier losses.

Shares opened about 2% down, and shuttled between positive and negative territory throughout the day.


However, at the close the the Dow Jones and Nasdaq were more than 2% ahead, while the S&P 500 was up by nearly 2%.


Investors are fretting over the prospect of rising interest rates, which push up borrowing costs for companies and consumers.


The gyrations followed steep declines on Wall Street on Monday, which sparked a sell-off in Asia and Europe.



BBC     News.