The Dow Jones industrial average opened sharply lower Tuesday but soon recovered a big chunk of its losses, a day after a huge drop sent a wave of anxiety through global markets.
The average initially fell more than 500 points, or 2%, at the open, briefly pushing it into “correction” territory after it fell 10% from its recent record high on Jan. 26.
The Dow was down about 90 points at 24,255 less than 10 minutes into the trading day.
It had been a swift, steep decline for U.S. stocks in a span of seven trading days since it hit its peak last month. The epic slide — including Monday’s record 1,175-point Dow dive — has quickly pushed the market down more than 10% for the first time in two years.
Wall Street, which has been shaken by the size and viciousness of the selloff, is still unsure of when the slide will end.