World markets have been hammered by global economic concerns. Click the chart to see how other markets are faring.
NEW YORK (CNNMoney.com) -- Investors were guarded Thursday, a day after fears about the economic recovery triggered a global market rout.
Markets in Asia couldn't shake economic worries and extended losses. Japan's benchmark Nikkei index fell 0.9%. The Shanghai Composite tumbled 1.2% and the Hang Seng in Hong Kong ended the day down 0.9%.
European shares recovered from deeper losses earlier in the session to end mixed. Germany's DAX closed down about 0.3%, while the CAC 40 in France fell 0.2%. Britain's FTSE 100 turned up to end 0.4% higher.
U.S. stocks slid in morning trade Thursday, following the previous day's sharp drop on fears of a global economic slowdown. Investors were also digesting Cisco's disappointing earnings and an unexpected rise in jobless claims.
The Dow Jones industrial average (INDU) lost 47 points, or 0.4%, about 45 minutes into the session. The S&P 500 (SPX) fell 7 points, or 0.6%, and the Nasdaq (COMP) dropped 52 points, or 1.2%.
Stock market indexes were awash in a sea of red ink a day before, as a slew of dour economic readings exacerbated fears about the pace of the global economic recovery.
The reports pointed to weakness across the globe. In the United States, the trade deficit widened more than had been expected. The Bank of England cut its forecast for U.K. economic growth. Meanwhile, reports showed that China's economic growth kept easing in July.
Fears of slowing economic growth have troubled investors for some time, but the onslaught of weak data on Wednesday spurred them to sell risky stocks and seek out safe havens.
Markets worldwide suffered heavy losses as a result on Wednesday. On Wall Street, the S&P 500 dived 2.8%. Stocks in Japan plunged 2.7% and major European indexes all ended more than 2% lower. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
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