US stock markets swing following earlier losses

US stock markets swung rapidly on Tuesday, amid frantic Wall Street trading triggered by earlier losses.
US indexes opened about two per cent down, then jumped briefly into positive territory before sinking again.
The gyrations followed steep declines on Wall Street on Monday, which sparked a sell-off in Asia and Europe.
Investors are fretting over the prospect of rising interest rates, which push up borrowing costs for companies and consumers.

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