The reflection of clouds and city buildings on digitally displayed stock market prices

Late Selloff Puts Stock Indexes in Correction

The late-day selloff came despite earlier gains sparked by better-than-expected trade data from China and an early bounce in oil prices from recent lows. But the two-day bounce faded as the mood shifted on Wall Street from the once-winning buy-the-dip mentality to a “sell the rally” strategy, says Jack Ablin, chief investment officer at BMO Private Bank. By the…