Stocks fell to open trading Tuesday, threatening to extend the market sell-off to a third day, but then quickly recovered.
[Update: Dow Jones bounces back from breath-taking drops]
The Dow Jones industrial average plunged more than 500 points, or over 2 percent to start Tuesday, after registering the single largest decline in terms of points Monday. The index quickly then quickly rebounded to rise nearly 200 points within the first hour of trading.
The S&P 500 and other indices also dropped to start the day, before entering a rebound.
The past few days’ market plunge has taken on a global character, with exchanges like Japan’s Nikkei 225 and the German DAX registering huge losses.
Stock markets initially began falling Friday after the January jobs report showed the strongest wage growth in years, raising fears that the Federal Reserve would react with faster interest rate increases.
