(Bloomberg) -- The Standard & Poors 500 Index roared back from the brink of its first correction in nearly four years even as the rout in all but the riskiest of global assets worsened.
After the S&P 500 plunged more than 5 % and the Dow Jones Industrial Average erased 1,000 points in the opening five minutes of trading, stocks clawed back nearly three-fourths of their losses, slowing a global rout that saw Chinese shares sink the most since 2007 and stocks in Germany fall into a bear market. Commodities slid to a 16-year low as crude plunged 4.1%. The yen strengthened and 10-year Treasury yields slid below 2% for the first time since April.
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