The major global sell-off of equity investments last week put to the test the resolve of investors large and small. How did you react to the gyrations created by uncertainty in the Chinese economy’s strength?
A relief rally swept around the globe, with the Standard & Poor’s 500 Index capping its biggest two-day gain since 2009 and Chinese shares snapping a five-day losing streak. Oil jumped the most in over six years as the U.S. economy grew more than forecast in the second quarter.
The foreclosure rate for outstanding mortgage loans fell 0.4 and 0.16 percentage points in June from a year earlier in Rhode Island and the Providence-Warwick metro area, respectively, according to CoreLogic. But for both areas, the June rate represented an increase from May figures.
A relief rally is spreading around the globe, with Chinese shares snapping a five-day losing streak. The dollar strengthened and stocks extended gains after the U.S. economy grew more than forecast in the second quarter.