Wednesday's rally on Wall Street is a welcome respite from a brutal third quarter for stock investors. But today's march higher isn't nearly enough to erase quarterly carnage that has been fueled by questions about global growth. The Dow Jones Industrial Average would need to gain 1,570 points to just finish the quarter unchanged, while the S&P 500 would need to gain about 180 points to break even. The stock-market rout ranks as the worst quarterly decline in four years, according to FactSet data. All three main benchmarks are on track to post a third-quarter fall of more than 7%.
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