Stocks tumbled Friday as investors worried that a government-backed investment company in Dubai risked defaulting on $60 billion in debt. The fears ripped through world markets and served as a reminder of how fragile the financial system remains a year after it nearly collapsed.
The Dow fell 154.48, or 1.5 percent, to 10,464.40.
The S&P fell 19.14, or 1.7 percent, to 1,091.49.
The Nasdaq composite index fell 37.61, or 1.7 percent, to 2,138.44.
For the week:
The Dow is down 8.24, or 0.1 percent.
The S&P is up 0.11, or less than 0.1 percent.
The Nasdaq is down 7.60, or 0.4 percent.
For the year:
The Dow is up 1,533.53, or 17.5 percent.
The S&P is up 188.24, or 20.8 percent.
The Nasdaq is up 561.41, or 35.6 percent.