Stock market trader Analysts say markets will remain volatile in the near future Global stock markets have been under pressure for a second day amid fears that problems in the US mortgage market will prompt a worldwide credit crunch.
Billions of dollars, pounds and euros were wiped off share values, hitting businesses and individual investors.
New York's main Dow Jones share index ended 31.14 points, 0.2%, lower at 13,239.59. The S&P made up some losses to close little changed at 1,453.64.
London's FTSE 100 index had its worst day in more than four years, down 3.7%.
In France, the main Paris-based Cac 40 index fell 3.1%, and Germany's Dax 30 index lost 1.4%. Earlier, markets in Asia had also closed significantly lower.
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