US stocks drop then rise again as wild ride continues

  • Dow Jones plunges 200 points before ending up 300
  • Index fell 5% over week in one of biggest drops since recession

US stock markets continued their wild ride on Friday, ending one of the most volatile weeks in trading since the financial crisis as international stock markets continued to fall, spooked by fears of more rapidly rising interest rates.

The Dow Jones Industrial Average, which lost more than 1,000 points on Thursday, rose 30 points on Friday morning as the more broadly based S&P 500 and the tech-heavy Nasdaq also moved into the black only to shortly lose those gains. By noon the Dow was down over 200 points and then rallied to end up over 300 points.

Why are stock markets falling?

Related: By betting on calm, did investors worsen the stock market fall? | Nils Pratley

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