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Dow Jones rebounding Tuesday from Monday's drop
Within minutes after the opening bell on Monday, August 24, the Dow plummeted 1,089 points. By the end of the day, the 588-point decline was the worst for the Dow since August 2011, making it the largest point loss ever during a trading day surpassing the Flash Crash of 2010.
Within the first two minutes of the opening bell on Tuesday, the market was up 299 points, regaining more than half Monday’s loss.
Global fears about China's economic slowdown are attributed to rattling stock markets around the world, but analysts say fear and greed are responsible for the ‘knee-jerk’ reaction in the market. Analysts continue to advise investors to think about long-term goals. Selling when the market is down, dosen't allow any opportunity to recoup losses.