The major indices post steep declines, although they have recovered from session lows.
The Dow, Nasdaq and S&P 500 are down 3.9%, 4.7% and 4.3%,
respectively, after being down as much as 5.7%, 7.0% and 6.6%,
respectively.
The major European markets also recovered from session lows, although they are still down at least 6.0%.