Financial Markets

The U.S. stock market mostly recovered after an early plunge Tuesday and was down moderately in late morning trading, raising hopes of a halt to a global sell-off. The swings came one day after the steepest drop in 6 ½ years.

Major indexes in Asia and Europe also fell following Monday’s 1,175-point drop in the Dow Jones industrial average. Investors remain fearful that signs of rising inflation and higher interest rates could bring an end to the bull market that has sent stocks to record high after record high in recent years.