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If the current levels hold through Monday, the technology-heavy Nasdaq index, off 4.5percentt for the year, will chalk up its worst start to a year since 1990, the year that the nation's last recession began.
For the developed world outside the U.S. the best one to use is Morgan Stanley's Europe Australasia & Far East Index, off 21.3% in 2001.
The report sent markets tumbling, with the Dow Jones Industrial Average down 1.2% and the technology-rich Nasdaq Composite Index off 1.9% around midday.
Shares in China tumbled the most sharply, with the CSI 300 index off 4.8percentt.
A late rally in many Nasdaq shares pulled the index off its lows for the session.
Retailers in general were on a downswing, with the Standard & Poor's retail index off 3.37percentt.
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* Indexes off: Dow 0.9 pct; S&P 1.2 pct; Nasdaq 1.5 pct.
An indexing off-by-one error associates the wrong pairs of X's and Y's.
Taliban insurgents cut the index fingers off 11 Afghans who participated in this weekend's presidential run-off poll, officials say.
The more volatile Nasdaq composite index was off 5.8percentt.
In Paris, the CAC-40 index closed off 3percentt, and Xetra DAX in Frankfurt fell 2.6percentt.
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CEO of Professional Science Editing for Scientists @ prosciediting.com