Update: Turbulent start to US trading while FTSE closes at nine-month low

Global sell-off continues

US equity markets suffered a choppy start to today's trading session, with the Dow Jones falling briefly into correction territory before rebounding, while the FTSE 100 closed down 2.6% as the global sell-off continues.

After suffering its worst daily points decline in its 122-year history yesterday, the Dow was down 2.1% to 23,824 points soon after US markets opened today, but gained some ground and was only down 0.22% at 24,292 at around 4pm GMT. The S&P 500 dropped 2.1% to 2,593 in the first few minutes of trading but then rallied to 2,682 before falling back again. Meanwhile, the Vix or 'Fear' index also saw rapid movement as it soared 115% to above 50 before the session started, its highest level since August 2015, before falling back to around 30. This is a huge jump from 14 on Friday. In Europ...