USA stocks indexes were little changed in volatile trading on Friday, after jumping more than 1 per cent at the open and then briefly turning negative, as the market struggled for direction. While the U.K.'s FTSE 100 Index is down by 0.9 percent, the French CAC 40 Index and the German DAX Index are both down by 1.5 percent.
In the USA, the Dow Jones ended Thursday's trading session 4.2% lower at 23,860, and the wider S&P 500 index closed down 3.8%. The Dow Jones Industrial Average rose 1.4% to 24,190, while the S&P 500 rose 1.5% to 2,619. It was the Dow's best January since 2013 and the S&P 500's best since 1997. It represented a full market correction, defined as a 10 percent drop from its 52-week high.
Global stock prices sank Friday after the Dow Jones industrials on Wall Street plummeted more than 1,000 points, deepening a week-long sell-off.
The Dow also plunged Thursday, dropping 1,032 points in its second-worst one-day point decline in history, putting it on track for its worst week since October 2008 during the depths of the financial crisis.
In currency markets, the dollar fell to 108.11 yen from Thursday's 108.84 yen. It's the fourth correction for the index since the bull market began in March 2009, according to Bespoke Investment Group.
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Major economies around the world are growing in tandem for the first time since the Great Recession, and corporate profits are on the rise. As global economies recover, investors have grown increasingly anxious about central banks around the world raising interest rates-a move that would make stocks a less attractive investment. If rates rise quickly, that argument becomes much less persuasive.
"There's some big-money players that have really leveraged to the low rates forever, and they have to unwind those trades", said Doug Cote, chief market strategist at Voya Investment Management.
United Kingdom blue chips were trading down around 0.26% by 11.13am (GMT), at around 7,153 points while on the continent the Euro Stoxx 50 was down 0.57% to 3,358 points. Tokyo's Nikkei 225 lost 2.3 percent and Hong Kong's Hang Seng gave up 3.1 percent.
The broader All Ordinaries index was down 97.7 points, or 1.63 per cent, at 5,897.5 points.
The question now is whether "this draws a line under the recent stock market correction or whether this is merely a dead cat bounce", analysts wrote. Numerous companies that led the market's gains over the previous year have struggled badly in the last week.
Figures across the board look fairly bleak compared to what they were at the closing bell February 2-the kickstart of recent downturn.