| 10 things you need to know today | | | | | | 3.U.S. stocks rise in volatile trading, but futures drop again | U.S. stocks snapped out of a sell-off Tuesday in a volatile day of trading, although futures dropped by nearly 1 percent early Wednesday, giving up part of the rally. The Dow Jones Industrial Average closed up 568 points or 2.3 percent on Tuesday, a day after losing 1,175 points, the biggest daily point loss in history. The Dow plunged by more than 500 points at Tuesday's opening bell, then reversed course before making big gains just before the close. The chief executive officer at Boston Private Wealth, Tom Anderson, explained the bumpy trading to The Wall Street Journal: "No one wants to catch a falling knife," he said, "so investors are looking to see things firm up or fall a bit more before buying." [The Wall Street Journal, MarketWatch] | | | | 6.Earthquake kills at least 6 in Taiwan | A magnitude-6.4 earthquake struck near Taiwan's east coast late Tuesday, killing at least six people, injuring 225, and leaving more than 80 missing. The U.S. Geological Survey put the epicenter about 13 miles northeast of the coastal city of Hualien. Many buildings were damaged, including the Marshal Hotel, where part of the ground floor caved in. "We know there are people who are trapped inside — we can see lights inside the hotel," witness Zeena Starbuck told BBC News. "People with phones are shining their lights to let people know they're there." Another hotel, the Beautiful Life, was left tilting. The area where the quake hit is in the famed "Pacific Rim of Fire," a center of seismic activity stretching from Alaska to Southeast Asia. [The Associated Press, CBS News] | | | | | | | | MOST POPULAR | | | CAPTURED: A PHOTO BLOG | Kelly Gonsalves | | | | | Is this email not displaying correctly? View it in your browser. Unsubscribe from this list | Update subscription preferences | Privacy Policy © 2015 THE WEEK PUBLICATIONS, INC. ALL RIGHTS RESERVED. THE WEEK ® IS A REGISTERED TRADEMARK OWNED BY FELIX DENNIS. | | |
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