The S&P 500, one of the broadest stock market indexes, entered a bear market during Friday's trading. That means it had fallen a stunning 20% from a recent high in January.
Fear of higher energy prices led to a sharp sell-off on Wall Street, with the Nasdaq now in what's known as a bear market.
Stocks staged a remarkable recovery after plunging earlier, underlining just how volatile conditions are after Russia invaded Ukraine.
