Markets Plunge, Then Stage a Rebound - nytimes

A bad day in the stock market turned into one of the most terrifying moments in Wall Street history on Thursday with a brief 1,000-point plunge that recalled the panic of 2008.

The day’s uncertainty pushed the euro to its lowest level against the dollar in 14 months. It slipped to $1.2529 at one point before closing at $1.2602. The dollar’s rise, and the mounting fear of a slowdown in global growth, sent commodities prices lower. Crude oil fell $2.86 to settle at $77.16 a barrel.

Markets Plunge, Then Stage a Rebound
Market Drop Fueled by a Crisis, Anxiety and an Error