US stocks rebounds from losses with help from Apple and financial shares

More worries about slower growth in China pushed commodities to two-week lows, with copper prices and industrial metals leading losses.

He added that investors will focus on September USA employment data due out October . 2 and third-quarter earnings for any signals on how a slowdown in the Chinese economy is affecting US companies.

Shares of Volkswagen suppliers BorgWarner, Honeywell and Delphi Automotive fell after the German carmaker admitted to cheating on vehicle emission tests.

The drop in Volkswagen affected other auto stocks, with BMW and Daimler down over 1 percent, while Germany’s DAX rose 0.5 percent, underperforming its European peers. Shares of Ford were down 2.8 percent at $13.92.

According to Reuter, US stocks lost the majority of their morning increases on Monday, dragged around biotechs after U.S. Just presidential competitor Hillary Clinton said she would declare an arrangement to stop “value gouging” for claim to fame drugs. The S&P 500 was 1.7% lower, while the Nasdaq Composite lost 2%.

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European bourses also fell sharply on concerns over the global economy, with Volkswagen plunging to four-year lows and dragging down the whole auto sector as investors gauged the implications of an emissions scandal. There is a bit of a bubble in the healthcare area”, said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New (KOSDAQ: “160550.KQ – news) York.

At 11:05 a.m. ET (1505 GMT) the Dow Jones industrial average was down 255.89 points, or 1.55 percent, at 16,254.30.

The Fed’s decision last week to keep benchmark interest rates near zero has left investors guessing when the USA central bank will make its big move.

Financial specialists are presently concentrating on the following Fed meeting on October 27-28, however a few business analysts now ponder whether the Fed will raise rates at this year.

Atlanta Fed President Lockhart is scheduled to speak again later on Tuesday.

Particular attention will be paid to Chair Janet Yellen’s speech on Thursday at the University of Massachusetts Amherst. The CBOE Volatility index, known as the “fear gauge”, jumped 15.3 percent to 23.22, above its long-term average of 20.

Shares of GoPro were down 7.2 percent at $32.60 after Barron’s said the video camera maker’s shares could plunge to $25 as its latest product launch underwhelmed customers amid increasing competition.