The market action came after a two-day pounding on fears of more troubles for corporate earnings as the impact of the financial crisis hits the economy.
The tech-dominated Nasdaq composite closed down 0.73% at 1,604, while the broad-market Standard & Poor's 500 index rose 1.26% at 908. Stock markets plunged in Asia: Tokyo's Nikkei index fell 2.46% while STI declined by 4.14% to 1745. The worst hit in Asia was Seoul, which ended down 7.4%.
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