"Is there more inflation down the road than we're expecting?"
Major indexes swung up and down after starting the session 2 per cent lower, underscoring a return of volatility to a market that until recently had been known for the absence of such major shifts. The company also issued a disappointing forecast.
Stocks were coming off a big gain on Tuesday.
The volatile trading session on Tuesday followed a two-day rout that wiped out the year's gains.
The Dow Jones Industrial Average rose 227.03 points, or 0.95 percent, to 24,087.49.
Markets enter correction territory when they fall 10% or more from a previous high.
But inevitably investors took advantage of the sharp drop in prices to come back into the market, sending the key indexes higher.
Mnuchin said that he was not "overly concerned about the market volatility".
Earlier Tuesday, U.S. Treasury Secretary Steven Mnuchin expressed confidence in the market in Washington while addressing the House Financial Services Committee on Capitol Hill. The statement cited strengthening economic growth, low unemployment and increasing wages for workers.
Economies around the world are strengthening and corporate profits are on the rise.
123RF Stocks hadn't suffered a 5 per cent drop since the two days after Britain voted to leave the European Union in June 2016
Hussein Sayed, chief market strategist at FXTM, said: "We have been anticipating a correction for a long time now, but when markets become over-confident, corrections also become steeper".
USA 10-year yields rose back as high as 2.80 percent after approaching two-week lows around 2.65 percent on Tuesday.
Boeing and United Tech rose about 1.5 per cent, providing the biggest boost to the Dow, while Amazon's 1 per cent rise helped lift the S&P. The Nasdaq composite edged up 10 points, or 0.2 percent, to 7,061.
WELLINGTON: New Zealand's benchmark NZX 50 Index fell 2.1 per cent, to 8241.83. The move left market participants grappling with the implosion of products that bet against volatility. Many investors justified that by pointing out that interest rates were low and few alternatives looked like better investments.
Keith points out that much of Monday's drop was the result of automated trading systems.
Lutz said traders were finding bargains in the market on Tuesday in home-builder and some tech stocks, including Apple, which had seen its share price fall 10 percent from a record high of $180 on January 19.
It's unclear if the global markets are really moving in "lockstep", as some observers have suggested, but uncertainty abounds. The Nasdaq composite lost 125 points, or 1.8 percent, to 6,926.
The CAC 40 in France picked up 1.8%.
The slide continued early Friday in Asia, where the markets in China fell more than 5 percent, and in Hong Kong and Japan more than 3 percent. South Korea's Kospi had declined 1.5 percent.
The biggest technology companies fared the worst. The March copper contract was down one cent to US$3.08 a pound. Microsoft and JPMorgan Chase each lost 1.7 percent.
The Wall Street Journal reported last month that a number of women accused him of sexual harassment or assault, and said he paid 7.5 million dollars to settle one such case. Wynn stock has fallen 11.6% since the Journal's report.
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