On Thursday, both the Stockholm Stock Exchange and the US stock exchanges fell sharply after several members of the US central bank signaled doubts about a new interest rate cut.
Some concern about high valuations of the big technology companies also pressured prices.
On Friday, Stockholm lost ground, but a strong recovery still occurred during the afternoon.
The decline was broad-based, with only five of the most traded stocks on the OMXS30 list up. Of these, telecom operator Tele2 performed best, up 1.2 percent, followed by industrial group ABB, up 0.9 percent.
At the other end is the heat pump company Nibe, which fell by a full 13 percent after its quarterly report, and the forestry company SCA with a decline of 3.1 percent.
At the close in Stockholm, the stock exchanges in Frankfurt, London and Paris were also clearly in the red. The recovery in New York was also strong, with more gains than losses after a couple of hours of trading.
Friday's fall meant that the Stockholm Stock Exchange's weekly gain was limited to 0.9 percent. Since the beginning of the year, the gain has been 6.2 percent.
