U.S Equities fall further

US equity markets turn south despite upbeat data – concerns over a rate-hike

U.S. stocks open mixed but were mostly lower in what’s set up to be a choppy trading session after China devalues yuan for the third day in a row .

After positive readings on retail sales and jobless claims, it suggests the U.S. economy is on healthy footing . However, better data imply that the Fed might increase rates in September which has kept markets depress this afternoon -  it looks like to be another choppy session as markets head south.

S&P: -0.22%
DOW: -0.28%

NASDAQ: -0.09%