Stocks were poised to end a turbulent stretch with their worst monthly losses in years, driven by concerns over China and the timing of a U.S. interest rate rise. China's unexpected devaluation of its currency earlier in August amplified worries about a slowdown in the world's second-largest economy, which pummelled global stocks, commodities and emerging-market currencies. Investors also grappled with the prospect of the U.S. Federal Reserve pushing ahead with raising rates from rock-bottom levels, which have provided support for financial markets across the globe in recent years. The Dow fell 0.7% to 16,528 and the S&P 500 lost 0.8% to 1,972.
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