Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar. Energy and material stocks logged some of the biggest losses as a jump in the dollar sent commodity prices tumbling. Meanwhile, an analyst's downgrade of the chip industry pulled technology shares sharply lower.
The Dow Jones industrial average fell 93.87, or 0.9 percent, to 10,332.44.
The Standard & Poor's 500 index fell 14.90, or 1.3 percent, to 1,094.90.
The Nasdaq composite index fell 36.32, or 1.7 percent, to 2,156.82.
For the week:
The Dow is up 61.97, or 0.6 percent.
The S&P is up 1.42, or 0.1 percent.
The Nasdaq is down 11.06, or 0.5 percent.
For the year:
The Dow is up 1,556.05, or 17.7 percent.
The S&P is up 191.65, or 21.2 percent.
The Nasdaq is up 579.79, or 36.8 percent.