The Dow Jones Industrial Average fell 73.11 points, or 0.59 percent, to close at 12,369.38, logging its 12th down day in the last 13 sessions for the first time since October 1974.
The S&P 500 dropped 9.64 points, or 0.74 percent, to end at 1,295.22, slumping below the key 1,300 level for the first time since mid-January. The Nasdaq erased 34.90 points, or 1.24 percent, to finish at 2,779.79.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, closed above 25.
For the week, the Dow tumbled 3.52 percent, the S&P 500 declined 4.30 percent, and the Nasdaq plunged 5.28 percent. JPMorgan [JPM 33.49  -0.44 (-1.3%)  ] was the biggest laggard on the Dow for the week, while Wal-Mart [WMT 62.43  0.75 (+1.22%) ] rallied.
All 10 S&P sectors finished in negative territory for the week, led by financials and materials. |
