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US stocks jump after heavy sell off

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New York: US stocks rebounded sharply on Tuesday, as investors sought out bargains after the Dow Jones Industrial Average’s worst three-session drop. At midday, the Dow Jones Industrial Average surged 384.62 points (2.42 percent), to 16,255.97. The S&P 500 gained 46.94 points (2.48 percent), to 1,940.15. The Nasdaq Composite Index spiked 153.63 points(3.39 percent), to 4,679.88. The Nasdaq Composite Index leapt more than 3 percent as Chinese stocks such as JD.com and Baidu led advancers. Shares of Alibaba, the Chinese e-commerce giant, rose 4.18 percent in the early trading.

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The People’s Bank of China (PBOC), China’s central bank, announced Tuesday a cut in the reserve requirement ratio (RRR) and lower key interest rates. Wall Street cheered the move, which was described in a PBOC statement as “promoting restructuring” to “stabilize the real economy. “Investors also kept an eye on new home sales and US consumer confidence index. US sales of new single-family houses in July were at a seasonally-adjusted annual rate of 507,000, said the Commerce Department Tuesday.

US consumer confidence index for August came in at 101.5, up from 91.0 in July, according to the New York-based research group Conference Board Tuesday. US stocks plunged on Monday, with the Dow Jones Industrial Average diving more than 500 points, as a rout in global markets continued to intensify. All three major Wall Street indexes fell into correction mode over the past two sessions. The CBOE Volatility Index, often referred to as Wall Street’s fear gauge, soared 45.34 percent to end at 40.74 on Monday.

(IANS)

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Facebook Introduces Free Online Education Programme in The US

The "We do" module lets educators and students learn together. And the "You do" is designed to help students practice their new skills

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Facebook may soon bring 'Unsend' feature on Messenger. Pixabay

Facebook has launched in the US free online education programme CodeFWDTo to increase the numbers of underrepresented and female students interested in pursuing computer programming.

“We’re working on a number of initiatives like CodeFWD to widen the pipeline of diverse talent studying computer science so the next generation of tech innovators reflects and incorporates diverse perspectives, building a future that benefits us all,” Lauryn Ogbechie, Education Partnerships Director at Facebook, said in a statement on Tuesday.

Created in partnership with connected toys maker Sphero, CodeFWD by Facebook, has been designed for both English and Spanish speakers.

It is a three-step programme where educators and organisations introduce computer programming to 4th to 8th grade students.

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Facebook App on a smartphone device. (VOA)

With the first module “I do”, CodeFWD prepares educators to introduce the basics of computer programming to their students, even as they may be discovering the concepts themselves.

The “We do” module lets educators and students learn together. And the “You do” is designed to help students practice their new skills.

Also Read- Actress Disha Patani Can’t Judge Herself in Terms of Acting

“After completing these three steps, educators who want to continue developing their students’ coding skills using a tangible, hands-on product can apply to earn a free classroom set of programmable robots from our partners at Sphero,” Ogbechie said. (IANS)

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