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The S&P 500, the benchmark for many index funds, shed 100.66 points, or 3.8 percent, to 2,581.

For a while Friday, it was anybody's guess whether the weeklong sell-off would ease or worsen.

USA stock markets seesawed again on Friday, capping a head-spinning week that wiped out as much as $3 trillion in value as investors fled from equity funds.

Yesterday marked another day of recent sharp swings including the S&P 500's biggest drop in more than six years that pulled equities away from record highs. The blue chip average suffered its second 1,000-point drop in a week on Thursday. The Shanghai Composite Index tumbled 5.5 percent before ending the day down 4 percent at 3,129.85. It has been an uncommonly long time since the last market correction, which ended nearly two years ago.

The Dow Jones industrial average lost 400 points, or 1.6 percent, to 24,491.

At one point, the Dow fell 6.3% or 1,597 points, the biggest one-day points loss ever.

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This repurchase authorization allows the oil and gas development company to buy shares of its stock through open market purchases. It improved, as 56 investors sold C shares while 400 reduced holdings. 38 funds opened positions while 106 raised stakes.

For the week, the Dow is down by about 5.2 percent. Chinese officials denied the rumor, but it is clear that they have been buying fewer Treasurys over the past years.

Technology companies accounted for most of the broad gains, outweighing losses in energy stocks, which slumped as USA crude prices declined, sending the price of oil below $60 a barrel for the first time this year.

U.S. crude was down 2.17% to US$60.44 a barrel. The benchmark 10-year yield fell 2 basis points to 2.86% Friday afternoon.

USA stocks started to tumble last week after the Labor Department said workers' wages grew at a fast rate in January.

Fueling the topsy-turvy market have been indications of inflation on the horizon, including whether rising wages and an increase in the number of jobs added to the economy will prompt the U.S. Other automated trading programs, which sell stocks when volatility rises, may have also contributed, among others.

Analysts have also been saying the market has gotten much too expensive after a huge run-up over the a year ago and has been long overdue for a pullback.

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New Dehli said it was considering a "full range of options", including "tough measures" against Yameen's government. By Tuesday evening, the capital, Malé, was calm, with shops open and traffic circulating, but fear hung in the air.

The market, now in its second-longest bull run of all time, had not seen a correction for two years, an unusually long time.

The sharp moves this week have raised questions about how quickly investors would be willing to buy stocks at lower prices or stay cautious amid the threat of higher inflation. Such a rapid rise is unusual, and market analysts long warned that a pullback was overdue.

Traders are closely watching the 2,538 level on the S&P 500. The measure dropped to 16.4 as of Thursday, meaning stocks were less expensive but still not cheap.

Investors also unloaded riskier corporate bonds during the Wall Street stock market rout. "In this case, USA investors' demand for safe fixed income securities would just replace riskier emerging markets investments", writes Oxford Economics.

"This whole correction is really about rates. about inflation creeping up. about people thinking the Fed is either behind the curve or actually has to be more aggressive, "says Stephanie Link, global asset management managing director at TIAA".

Consumer discretionary stocks slipped 0.8 per cent, with Canada Goose down 4.5 per cent and Dollarama off 3.25 per cent. That also sent the pound higher.

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The volatility followed a steep sell-off Monday in which the Dow lost 1,1754 points or 4.6 percent, erasing all of the gains of 2018.

Even so, Wall Street analysts note that the outlook for corporate America and the broader global economy remains positive. And major economies around the world are growing in tandem for the first time since the Great Recession. The housing industry is solid, and manufacturing is rebounding.