Dow Jones Industrial Average Sheds 200 Points After US Markets Soar For Much Of Trading Session

After an early-day rebound, U.S. stocks closed in the red Tuesday, with the Dow Jones Industrial Average shedding more than 200 points. Traders began the day optimistically after China cut its benchmark interest rate for the fifth time in nine months in an attempt to boost slowing economic growth. The Standard & Poor's 500 index lost more than 1 percent of its value after Monday's sell-off pushed it into negative territory for the year.