A dismal U.S. jobs report and other evidence of a global economic slowdown clobbered U.S. stocks Friday. The selloff left the Dow Jones industrial average lower for the year.
The Nasdaq composite average has dropped more than 10 percent since its peak _ what traders call a market correction. The S&P 500 is just a point above correction territory.
The Dow closed down 274.88 points, or 2.2 percent, at 12,118.57.
The S&P 500 fell 32.29, or 2.5 percent, to 1,278.04.
The Nasdaq dropped 79.86, or 2.8 percent, to 2,747.48.
For the week:
The Dow fell 336.26 points, or 2.7 percent.
The S&P 500 fell 39.78, or 3.0 percent.
The Nasdaq fell 90.05, or 3.2 percent.
For the year:
The Dow is down 98.99 points, or 0.8 percent.
The S&P 500 is up 20.44 points, or 1.6 percent.
The Nasdaq is up 142.33, or 5.4 percent.