Fears that the global economic recovery has stalled pushed the Dow Jones industrial average below 12,000 for the first time since March and drove the stock market lower for the sixth straight week. Friday's drop extended the longest weekly losing streak for stocks since the fall of 2002. The Nasdaq composite index turned negative for the year.
The Dow fell 172.45 points, or 1.4 percent, to close at 11,951.91.
The S&P 500 index fell 18.02, or 1.4 percent, to 1,270.98.
The Nasdaq dropped 41.14, or 1.5 percent, to 2,643.73.
For the week:
The Dow is down 199.35, or 1.6 percent.
The S&P is down 29.18, or 2.2 percent.
The Nasdaq is down 89.05, or 3.3 percent.
For the year to date:
The Dow is up 374.40, or 3.2 percent.
The S&P is up 13.34, or 1.1 percent.
The Nasdaq is down 9.14, or 0.3 percent.