Elsewhere in Asia on Friday, Hong Kong's Hang Seng pulled back 3.7%, while South Korea's Kospi index traded down 1.6% and Australia's S&P/ASX 200 eased 0.8%.
After huge gains in the first weeks of this year, stocks tumbled Friday after the Labor Department said workers' wages grew at a fast rate in January.
Financial analysts regard corrections as a normal market event but say the unusually abrupt plunge might have been triggered by a combination of events that rattled investors. The blue chip average suffered its second 1,000-point drop in a week on Thursday.
China was the worst performer in Asia on Friday - on track for its worst day in almost two years - as losses deepened from declines seen earlier this week.
In currency markets, the dollar fell to 108.11 yen from Thursday's 108.84 yen.
The central bank may have to more aggressively raise short-term rates to offset the economic stimulus from higher government spending and lower taxes, which also unnerves investors.
On Wall Street, futures for the Dow and the Standard & Poor's 500 were down 0.1 percent and up 0.2 percent, respectively, though the actual market open does not always follow the futures closely in times of volatility.
U.S. stock markets confirmed they were in correction territory today after a week of wild swings. That's good for the economy, but investors anxious it will hurt corporate profits and that rising wages are a sign of faster inflation.
On Wall Street, many companies that rose the most over the previous year have borne the brunt of the selling.
Both the Dow and the S & P 500 indices are 10% or more down from their recent peaks, placing them in what market players call 'correction territory: more than temporary weakness, but less than a 'bear market or possible crash. The Nasdaq composite fell 274.82 points, or 3.9 percent, to 6,777.16.
Kim Jong Un invites SKorea pres for talks
She was promoted a year ago to the country's Politburo, the senior body of North Korea's communist party, as an alternate member. Moon went on to cite the example of the 1991 World Table Tennis Championships, where the two Koreas fielded a joint team.
The sharp falls of the week such as the slumps the Dow Jones and S&P 500 experienced on Monday, confirmed the market was in a correction.
The market, now in its second-longest bull run of all time, had not seen a correction for two years, an unusually long time.
"We may have seen the worst, but it's too early to say for sure".
As well as the broader sell-off, analysts said stocks in China were weighed down by people selling ahead of the Lunar New Year holiday. Many market watchers have predicted a pullback for some time, saying stock prices have become too expensive relative to company earnings. "The question is whether there's been some serious damage done, either in terms of breaches of key technical trading levels or a change in overall market sentiment", Morrison said.
Employers are hiring at a healthy pace, with unemployment at a 17-year low of 4.1 percent. And major economies around the world are growing in tandem for the first time since the Great Recession. The housing industry is solid.
At the same time, higher interest rates can make investment alternatives to stocks, such as bonds, more attractive. It could prompt the Federal Reserve to raise interest rates at a faster pace, which would act as a brake on the economy.
After a sharp loss Wednesday, benchmark USA crude lost 76 cents, or 1.2 percent, to $61.03 a barrel in NY.
The market didn't get much help Thursday from company earnings reports, several of which disappointed investors.
Paris' CAC 40 finished trading 1.4% down at 5,079.21 points, while the EURO STOXX 50 shed 1.5% at 3,255.99 points.
In Europe, Frankfurt has also lost around 11pc from its summit levels, while London and Paris, each down around nine percent from recent peaks, have fared only slightly better. It retreated $70 cents on Thursday to $68.81.
The winger's game time was expected to a casualty of Neymar's arrival, however, he has done well for himself securing 21 starts. What's more, he has made the most of his opportunities on the pitch, scoring 13 goals in 28 appearances in all competitions.
Japanese skaters Midori Ito and Mao Asada are the only other women to successfully complete the triple axel at the Olympics. She finished with a huge technical score of 73.38 and a total score of 137.53, a personal best.
While speaking on the occasion of foundation stone-laying ceremony, Modi said, "A temple is an agent of peace and harmony". India is today the largest importer of Israeli arms in the world, accounting for 41 per cent of the latter's arms sales.
They replaced their visiting at Sri Lanka due to some internal problems and so, in the meantime, they are playing against India . Kohli has thus far scored 393 runs in the series with the scores of 112, 46*, 160* and 75 in the first four ODIs.
Incredibly, the Gunners don't play again in the Premier League until March 1, when they take on league-leaders Manchester City. Merson, though, believes that the signing of Aubameyang could prove to be Wenger's last throw of the dice.
As the Post notes, the station is no stranger to private industry; Boeing now operates it at a cost of $3 to $4 billion a year. He also argued that it would be "one of the dumbest things" to stop funding an asset with "serious usable life ahead".
North Korea boycotted the 1988 Summer Olympics in Seoul and blew up a South Korean commercial airliner the year before. Just before the opening ceremony, Kim Yong Nam attended a dinner for visiting foreign dignitaries hosted by Moon.
Manchester.gov.uk, NHSinform.scot, agriculture.gov.ie, Croydon.gov.uk, ouh.nhs.uk, legislation.qld.gov.au, the list goes on. Ther UK's National Cyber Security Centre said it was investigating the issue.
Huddersfield starting XI: Lossl, Hadergjonaj, Jorgensen, Schindler, Malone, Hogg, Pritchard, Ince, Mooy, van La Parra, Mounie. Every game should be treated as a cup final", Howe, whose side are four points ahead of Huddersfield , said.
Barcelona held by Getafe, Sevilla snatch a win
Inconsistent in defense, Mina was a constant threat on set pieces in attack, almost scoring with a header in the second half. We can't be thinking about the absences of Barcelona and detracting from my team '.
Hebard scores 30 as No. 9 OR beats Washington 76-63
The game then soon went to the double- overtime at 87. "I was glad to see them come back on the beam", coach Tanya Chaplin said. An Oregon State turnover gave the Huskies the ball, and Dominic Green was fouled on a shot attempt with 10.1 seconds left.
Nice says Balotelli booked for reacting to racist abuse
The Italian forward was booked by referee Nicolas Rainville in the 74th minute having remonstrated with fans about the abuse. Balotelli complained that the home fans were mimicking 'monkey noises'to provoke him and abuse him.
Devin Nunes wants to build a physical wall to block Democrats
Tom Rooney , R-Florida, when asked about the plan. "I'm all for transparency, but this whole exercise is transparently partisan". The president has until Saturday to decide his course of action on that counter memo. "I'm not part of that decision", Rep.
North Korea had frank, candid talks with South's president: KCNA
Moon was invited to a summit with Kim, even as the United States warned against falling for Pyongyang's Olympic charm offensive. Moon into a potentially delicate diplomatic dance, as South Korea's allies and neighbours maintain a hardline stance toward Mr.
Ronaldo nets 3, Madrid routs Sociedad before PSG clash
A third goal seemed inevitable and came courtesy of a great strike from a wide-open Toni Kroos, who Vazquez picked out. The hat-trick is Ronaldo's 33rd in LaLiga. "Hopefully we can fight for every game in all competitions".
Duke's Bagley to miss Ga. Tech game with mild knee sprain
The Duke Blue Devils are averaging 89.1 points on 50.7 percent shooting and allowing 72.8 points on 40.9 percent shooting. The potential No. 1 overall pick in the NBA Draft is averaging more than 21 points and 11 rebounds a game.