A screen displays news on the Dow Jones Industrial Average just after the opening bell on the floor of the New York Stock Exchange October 15, 2014. REUTERS/Brendan McDermid
NEW YORK: Stocks took a pounding on Wednesday, although Wall Street managed to peddle back from its steepest lows, and safe-haven government debt prices rose after US and Chinese inflation data fanned worries about a global slowdown.
The S&P 500 fell as much as 3%, briefly turning negative for the year, while European equities finished 3.2% lower and marked their biggest one-day slide in almost four years.
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