U.S. stocks plunged Friday as the rout in oil continued and a report indicated that growth in China, the world’s second-largest economy, continues to slow. The market had its biggest weekly decline since May 2012.
The Dow Jones industrial average dropped 315.51 points, or 1.8 per cent, to 17,280.83.
The Standard & Poor’s 500 index fell 33 points, or 1.6 per cent, to 2,002.33.
The Nasdaq composite declined 54.57 points, or 1.2 per cent, to 4,653.60.
For the week:
The Dow is down 677.96 points, or 3.8 per cent.
The S&P 500 is down 73.04 points, or 3.5 per cent.
The Nasdaq is down 127.16 points, or 2.7 per cent.
For the year:
The Dow is up 704.17 points, or 4.3 per cent.
The S&P 500 index is up 153.97 points, or 8.3 per cent.
The Nasdaq is up 477.01 points, or 11.4 per cent.