Stocks closed sharply lower on Wednesday as another plunge in the price of oil dragged down the energy sector. Exxon Mobil and Chevron were among the biggest decliners in the Dow Jones industrial average.
The Dow Jones industrial average lost 268.05 points, or 1.5 percent, to 17,533.15.
The Standard & Poor's 500 index fell 33.68 points, or 1.6 percent, to 2,026.14
The Nasdaq composite slipped 82.44 points, or 1.7 percent, to 4,684.03.
For the week:
The Dow is down 425.64 points, or 2.4 percent.
The S&P 500 is down 49.23 points, or 2.4 percent.
The Nasdaq is down 96.73 points, or 2 percent.
For the year:
The Dow is up 956.49 points, or 5.8 percent.
The S&P 500 index is up 177.78 points, or 9.6 percent.
The Nasdaq is up 507.44 points, or 12.2 percent.