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Stocks plunge deeper into correction

US stocks opened firmly Higher on Friday, rebounding after falling into a correction.

The Dow Jones industrial average gained as many as 335 points (1.4%).

The indexes later rolled over into the red and frequently swung between positive and negative territory.

The Dow was headed for a 7.7% weekly decline, its worst in nine years.

The worst of the sell-off began last week Friday, when data on wages showed inflation may be picking up and could prompt the Federal Reserve to combat it with higher interest rates.

This week, the Market sell-off was amplified by so-called " target volatility funds " that rushed to sell stocks and buy protection against higher volatility.

Read more coverage of this week's market meltdown:

READ MORE (Business Insider)

  • US stocks waver a day after entering a 'correction'
  • US Stocks Struggle to Stabilize After Entering 'Correction'U.S. News & World Report
  • Wall Street bounces back 1 percent after Thursday's slumpReuters
  • After volatile swings, bonds ending week little changedNasdaq
  • 5 things to know about a stock market correctionKAGS News
  • North American stocks little changed after Thursday's
  • Stock market opens strong, day after Dow tanked more than 1000 pointsABC News
  • US STOCKS-Wall Street plummets; S&P, Dow confirm correctionYahoo Finance
  • US stock futures volatile as the Dow faces worst week since the global ...MarketWatch

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Stocks plunge deeper into correction


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