The index of 30 big-name US companies ended up at 24,912.
The losses, which began last Friday, put the benchmark Standard & Poor's 500 index nearly 8 percent below the record high it set two weeks ago.
Tokyo's Nikkei 225 rose 0.3 percent to 21,700.94 while South Korea's Kospi jumped 0.7 percent to 2,414.26. The pan-European FTSEurofirst 300 index lost 2.50% and MSCI's gauge of stocks across the globe gained 0.14%. That's also a big change: The market has been stable in the previous year because every time it inched lower, investors swooped in looking for bargains and soon sent them higher again.
Volatility returned to markets on Thursday as U.S. indices finished the day sharply lower, plunging them into correction territory.
The Nasdaq is around five points higher at 7,121. The fragile rebound lifted the market a bit, and the Dow and S&P 500 are now about 8% off their from all-time highs.
Financial markets pivot on forces that owe at least as much to computerized trading programs, overseas investors and global central banks as they do to a president's policies and force of personality.
He did keep an eye on the market's performance during his congressional testimony Tuesday morning. The bond market is a decent indicator of fears about inflation.
That said, don't think Thursday will be the last day of volatility.
Treasury Secretary Steven Mnuchin appeared at a previously scheduled hearing on Capitol Hill, where he urged lawmakers to focus on the economy's strong fundamentals.
Schlafer said he got several calls Monday from uneasy investors and called several other clients just to reassure them.
The sell-off in US stocks this week spread to markets in Asia and Europe, reviving use of the term "contagion", which was widely used during the European debt crisis early this decade. The S&P 500 also closed slightly lower.
Investors remain fearful that signs of rising inflation and higher interest rates could stifle the bull market that has pushed stocks to record high after record high in recent years.
This also puts it in what is known on Wall Street as a "correction".
The Dow was down 501 points, or 2 percent, to 24,397. Brent crude gave up 70 cents, or 1.1 percent, to $64.81 per barrel. The S&P 500 .SPX was up 19.78 points, or 0.73 percent, at 2,714.92, while the Nasdaq Composite .IXIC was up 17.09 points, or 0.24 percent, at 7,132.97.
The drop in early trading Tuesday marked the third straight day of steep declines.
Investors fear that low unemployment, increasing USA growth and rising wages will spur the Federal Reserve to raise interest rates, which would boost the cost of borrowing money. The market briefly recovered earlier in the week before falling again Thursday. The Dow is now up 0.8 percent for the year and 6.4 percent below its January 26 peak.
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The technological Nasdaq Composite recorded a decline of 0.9% after stocks of large technology companies retreated. The S&P 500 dropped 100.6 points or 3.75% to 2,581, while the Nasdaq slid 274.8 points or 3.9% to 6,777.1.
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The pan-European FTSEurofirst 300 index rose 2.02 percent and MSCI's gauge of stocks across the globe gained 0.06 percent. If the S&P 500 declines 7% in any trading day, all trading on the New York Stock Exchange is halted for 15 minutes.
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Global markets followed suit last night, with Japan's Nikkei 225 closing 4.7% lower, while Hong Kong's Hang Seng was down 5.1%. What makes this past week's market drop particularly noticeable for investors is how rare a decline has been for stocks.