New York Stock Exchange and China

Federal Reserve: ET, the Dow was down 428 points at 16,099, according to MSNBC. The New York Stock Exchange invoked a rarely used rule designed to smooth out volatility in the markets. At 2:10 p.m. Data out overnight in China showed manufacturing there shrinking at the fastest pace in three years. American investors are also nervous about the prospect that the Federal Reserve will raise interest rates soon. China is an engine of the world economy and a major market for American goods. (news.financializer.com). As reported in the news.