10 things you need to know today: August 26, 2015

Stocks fall again in China despite interest rate cut, Trump jumps to huge New Hampshire lead, and more

A Chinese investor watches the market.
(Image credit: (AP Photo/Ng Han Guan))

1. Stocks remain volatile due to China fears

U.S. stocks rallied briefly from a day of huge losses before closing sharply lower on Tuesday. The Dow Jones Industrial Average ended the day down more than 200 points, or about 1.3 percent. The S&P 500 Index fell by 1.4 percent, and the Nasdaq 0.4 percent. The Dow is now down 12 percent on the year. Fear has been growing among investors that trouble in China, the world's second largest economy, could spread. China's central bank cut a key interest rate to stabilize markets, but the benchmark Shanghai index still fell by 1.3 percent on Wednesday.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.