It was a rough Monday for stock indexes across the world, but most economists think the US economy is just slowing down somewhat, and that a recession is not yet in sight.
Now it is already Tuesday in Japan, and it seems Japanese shares are clawing back most of their record losses from Monday (the Nikkei 225 traded about 10% higher early on).
Dow Jones at 3% up (down from 9% up on July 17);
Nasdaq at 8% up (down from 23% up on July 24);
S&P 500 at 9% up (down from 19% up on July 16).