Stocks logged their biggest drop in two weeks on Thursday as investors reacted to some disappointing corporate earnings results. Harman International, which makes audio systems for cars, and Yelp, an online listings company, were among the companies that fell sharply after posting weak earnings.
The Dow Jones industrial average fell 195.01 points, or 1.1 per cent, to close at 17,840.52.
The Standard & Poor’s 500 index dropped 21.34 points, or 1 per cent, to 2,085.51.
The Nasdaq declined 82.22 points, or 1.6 per cent, to 4,941.42.
For the week:
The Dow is down 239.62 points, or 1.3 per cent.
The S&P 500 is down 32.27 points, or 1.5 per cent.
The Nasdaq is down 150.66 points, or 3 per cent.
For the year:
The Dow is up 17.45 points, or 0.1 per cent.
The S&P 500 index is up 26.61 points, or 1.3 per cent.
The Nasdaq is up 205.37 points, or 4.3 per cent.