- Wall Street saw big losses last week, with all three major stock indexes dropping by at least 3 percent.
- The declines stateside came amid similar sell-offs observed in Europe and Asia.
- Markets have been hit by a wave of volatility in the month of October, amid concerns over factors such as rising interest rates, poorer-than-expected earnings and political uncertainty in Europe.
Global stock markets were highly volatile in October, with major indexes seeing large losses.
Wall Street tumbled last week. The S&P 500 saw losses of 3.9 percent, the Dow Jones Industrial Average fell by 3 percent while the Nasdaq Composite shed 3.8 percent. The declines stateside came amid similar sell-offs in major Asian and European stock markets.
U.S. stocks have suffered in recent weeks as fears of rising inflation — and climbing interest rates — trim corporate profit expectations. The earnings season also saw some heavyweight tech companies posting disappointing results which have overshadowed strong economic data.
— CNBC's Fred Imbert contributed to this report.