Some encouraging economic news helped stabilize markets. "Maybe it will reach 24,000 before we find the bottom", said analyst Francis Lun of Geo Securities.
The market also has had lighter trading volume on up days than down, which Pavlik said suggested the recent bout of selling might not be over. But Asian markets took big losses, as the USA market did the day earlier.
The Dow Jones Industrial Average dropped more than 600 points Wednesday amid a sharp drop in tech shares.
Wednesday was rough for all the US major indexes, especially the Nasdaq. The two quarters marked the strongest consecutive quarters of growth since 2014. Experts think the country's gross domestic product grew 3.3 per cent from July to September, according to FactSet.
Ford Motor, which is struggling with sales in China, rose 8.2 percent as its earnings report raised hopes for a strong finish to the year, bolstering gains in the consumer discretionary sector.
With both Google and Amazon missing analysts' estimates in their Q3 earnings reports, both the S&P 500 Technology and Communication Services came under pressure on Friday to end the day 1.9% and 2.4%, respectively. The last S&P 500 correction happened in February.
The Dow tumbled 2.4 per cent to 24,583.42.
After the bell, shares of Amazon.com and Alphabet fell sharply following the release of their results. She expects that to change when the dust settles.
The losses followed a mixed day of corporate earnings that analysts fear signal the economy is exiting the "peak" earnings environment helped by U.S. tax cuts that were enacted late past year.More news: Queen's last corgi dies, leaving only dorgis
More news: The Man Who Came To Raid My Office
More news: Florida man arrested in connection with pipe bomb packages
Adding to concerns, China reported last week that economic growth fell to the lowest level in a decade in the third quarter.
A period of intense volatility for popular technology stocks continued Thursday, pushing the Nasdaq Composite to its best session in more than six months one day after it plunged into correction territory.
Soaring corporate profits, fueled by sweeping corporate tax cuts, powered the market's recovery this spring and summer. Netflix lost 8.4 percent to $305.19.
Amazon, the second-most valuable U.S. stock, fell after reporting its financial results.
Wall Street sank on Tuesday, continuing a punishing month for US stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China's slowdown to Saudi Arabia's diplomatic isolation.
The French CAC 40 jumped 1.6 per cent and Germany's DAX added 1 per cent. Britain's FTSE 100 slid 1.3 percent. US-traded shares of WPP fell 17.5 per cent to US$57.75. Hong Kong's Hang Seng index dropped 0.4 percent and the Kospi in South Korea gave up 0.4 percent.
The S&P 500 posted no new 52-week highs and 88 new lows, while the Nasdaq Composite recorded 15 new highs and 323 new lows. Japanese telecom and energy giant Softbank lost 4.4 percent.
In other trading, benchmark United States crude lost 50 cents to Dollars 66.34 per barrel in electronic trading on the New York Mercantile Exchange.
Despite signs of weakness in the housing market, the USA economy appears to be very strong.