For a second day in a row, stocks fell after a major central bank decided against taking stronger action to support the economy. Thursday, investors were disappointed that the European Central Bank's plans for tackling the region's debt crisis were short on details. The day before, stocks fell because investors were disappointed that the Federal Reserve made only vague promises about its plans for trying to revive the U.S. economy. It was the fourth consecutive down day for U.S. stocks.
The Dow Jones industrial average fell 92.18 points, or 0.7 percent, to 12,878.88.
The Standard & Poor's 500 fell 10.14, or 0.8 percent, to 1,365.00.
The Nasdaq composite index fell 10.44, or 0.4 percent, to 2,909.77.
For the week:
The Dow is down 196.78 points, or 1.5 percent.
The S&P 500 is down 20.97, or 1.5 percent.
The Nasdaq composite is down 48.32, or 1.6 percent.
For the year:
The Dow is up 661.32 points, or 5.4 percent.
The S&P 500 is up 107.40, or 8.5 percent.
The Nasdaq composite is up 304.62, or 11.7 percent.