There was no let-up in the flight from stocks and bonds Thursday as the Dow Jones industrial average wiped out almost two months of gains. A day after the Federal Reserve roiled U.S financial markets when it said it could step back from its aggressive economic stimulus program later this year, financial markets continued to slide. A slowdown in Chinese manufacturing added to Wall Street's worries.
The Dow Jones industrial average fell 353.87 points, or 2.3 percent, to 14,758.32.
The Standard & Poor's 500 index fell 40.74 points, or 2.5 percent, to 1,588.19.
The Nasdaq composite index fell 78.57, or 2.3 percent, to 3,364.63.
For the week:
The Dow is down 311.86 points, or 2.1 percent.
The S&P 500 is down 38.54 points, or 2.4 percent.
The Nasdaq composite is down 58.93 points, or 1.7 percent.
For the year:
The Dow is up 1,654.18 points, or 12.6 percent.
The S&P 500 is up 162.00 points, or 11.4 percent.
The Nasdaq composite is up 345.12 points, or 11.4 percent.