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WASHINGTON: China's complaint Monday over new U.S. tariffs on Chinese tires raised pressure on Washington but isn't likely to incite a full-blown trade war.
NEW YORK: Stocks bounced back from early losses to post moderate gains as traders funneled money into utility and financial stocks.hr noshade size=-1 width=50%>
WASHINGTON (AP): President Barack Obama's decision to impose trade penalties on Chinese tires has infuriated Beijing at a time when the United States badly needs Chinese help on climate change, nuclear standoffs with Iran and North Korea and the global economy.
NEW YORK (AP) - Investors have seen this before.Since the bear market began in late 2007, the Dow Jones industrial average has fallen into a pattern of huge declines, big gains, and then even larger declines. Four times, the market has rallied only to dissipate.