Stocks had their first big stumble of the year on Tuesday, and the Dow Jones industrial average dropped more than 203 points. Investors had been worried that this year's rally may have gotten ahead of itself.
European markets declined after a report that the eurozone economy shrank at the end of 2011. A looming Thursday deadline for Greece to get bondholder support for its next bailout didn't help, either.
The Dow Jones industrial average fell 203.66 points, or 1.6 percent, to close at 12,759.15.
The Standard & Poor's 500 index fell 20.97 points, or 1.5 percent, to 1,343.36.
The Nasdaq composite fell 40.16 points, or 1.4 percent, to 2,910.32.
For the week:
The Dow is down 218.42 points, or 1.7 percent.
The S&P 500 is down 26.27 points, or 1.9 percent.
The Nasdaq is down 65.87 points, or 2.2 percent.
For the year so far:
The Dow is up 541.59 points, or 4.4 percent.
The S&P 500 is up 85.76 points, or 6.8 percent.
The Nasdaq is up 305.17 points, or 11.7 percent.