US stocks rebounded in late-afternoon trading to end a volatile week.

On Thursday, the Dow Jones industrial average and the S&P 500 tumbled into a correction, defined as a 10% drop from their most recent highs.

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US stocks surged in late trading on Friday to end their worst week in two years.

The three major indexes rose out of correction territory, defined as a 10% drop from the most recent highs.

Here's the scoreboard for Friday:

Dow: 24,192.76, +332.30, (1.39%)

24,192.76, +332.30, (1.39%) S&P 500: 2,619.57, +38.57, (1.49%)

2,619.57, +38.57, (1.49%) Nasdaq: 6,874.49, +97.33, (1.44%)

Illustrating the speed of this week's drop, Ryan Detrick, a senior market strategist at LPL Financial, noted it was the first time the S&P 500 corrected 10% from an all-time high within nine days.

The worst of the sell-off began with last Friday's jobs report, when data on wages showed that inflation may be picking up and could prompt the Federal Reserve to combat it with higher interest rates.

The Dow fell by as much as 1,500 points on Monday, its largest such decline that erased its year-to-date gains.

Selling was amplified by so-called target volatility funds that rushed to sell stocks and buy protection against higher volatility. Before this week, the Cboe Volatility Index, or VIX, waded near historic lows. The gauge of traders' expectations for future volatility spiked on Monday by the most ever in a single day as stocks fell.

"Over the coming months we should expect to see more turbulence as evidence of higher inflation becomes clearer," Torsten Slok, the chief international economist at Deutsche Bank, said in a note.

Investors will get more clarity on inflation next week Wednesday, when the January Consumer-Price Index is released. The 10-year yield climbed to as high as 2.88% this week amid speculation of higher inflation.

Read more coverage of this week's market meltdown:

BAML: The Fed is doing something not seen since the 1987 market crash, and that could mean more pain for stocks

A Fed official called the stock market's plunge 'small potatoes,' but those comments miss the point

The stock market just had a violent correction, and 'it just doesn't feel like we've hit a bottom'

JPMorgan has found a trigger for the next big market collapse

Wall Street is blaming a familiar culprit for the latest stock market bloodbath

'The sell-off is starting to feel more real': Wall Street explains why this massive stock drop is different

CITI: There's a 'clear winner' for investors who want to cash in on the market's biggest fear

The chief strategist at a $695 billion money manager tells us why 'we're at a watershed point in markets'

One of the biggest narratives behind why the stock market just went haywire is wrong

The infamous 'VIX Elephant' trader just returned to harvest the gains he made when stocks went haywire

Fed President Kashkari gives us his take on the stock market's plunge and the economic data that triggered it