Dow Jones industrial average climbs more than 100 points, recovering from an early plunge of more than 500 points.
The double-digit percentage stock decline has occurred even though Wall Street stresses that the health of the economy, labor market and USA businesses remain strong.
Investors remain fearful that signs of rising inflation and higher interest rates could stifle the bull market that has pushed stocks to record high after record high in recent years.
"What we're seeing today is continued concerns around interest rates going higher, around valuations in the stock market", said Chris Zaccarelli, chief investment officer with Independent Advisor Alliance in Charlotte, North Carolina. Among the biggest losers Tuesday was the Nikkei 225, which had ended 4.7 percent lower.
The dollar index rose 0.06 percent, with the euro down 0.02 percent to $1.2243. The Standard & Poor's 500 index, a broader market barometer that many index funds track, was down 6 points, or 0.3 percent, to 2,641.
Stocks had plunged four percent on Thursday, sending the Dow and the S&P more than 10 percent below their record highs on Jan 26 and adding to the sense that rising U.S. government bond yields had begun a major correction to nine years of near uninterrupted gains for Wall Street.
USA markets have been under pressure all week, with the Dow notching its biggest loss ever in terms of points on Monday, rallying on Tuesday and finishing modestly lower Wednesday. The S&P 500.SPX gained 25 points, or 0.96 percent, to 2,606. The S&P 500 fell 101 points, or 3.8 percent, and the Nasdaq index fell 275 points, or 3.9 percent.
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Though there are plenty of heavy-hitters in the competition, 18-year-old Chen is a strong favorite to bring home the top prize. The team event's medal will be decided on Monday after free programs of the men's singles, ladies' singles and ice dance.
The Dow dropped 1,032 points, or 4.1 percent, to 23,860. Investors are concerned that growing budget deficits caused by the big tax cut and the pending congressional budget deal are pushing rates up.
The Dow Jones Industrial Average has yo-yoed from a historic loss on Monday to a 500-plus point gain on Tuesday.
USA stocks fell to two-month lows after a nine-day swoon wiped out nearly 9 percent in the S&P 500. And the Stockholm 30 lost as much as 11.5% since a recent peak in early November. Energy companies also posted steep losses as crude prices also slumped, sending the price of oil below $60 a barrel for the first time this year. The yield on the 10-year Treasury note rose to 2.80 per cent from 2.71 per cent.
These were reinforced by Friday's January U.S.jobs report that prompted worries the Federal Reserve will raise rates at a faster pace than expected this year.
LONDON (AP) - Stock markets around the world took a battering Tuesday, following a dramatic sell-off on Wall Street that triggered concerns that a potentially healthy pullback from record highs could morph into a more protracted crash. "And now we're seeing nerves in the market - some fear".
The 3 percent pullback Thursday across USA indexes is something that did not happen in all of 2017. The Nasdaq was down 125 points, or 1.8 percent, to 6,651.
Bond prices wobbled and turned higher. Gold fell $7, or 0.5 percent, to $1,329.50 an ounce and silver dipped 9 cents, or 0.5 percent, to $16.58 an ounce. If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it.