U.S. stocks plunged in heavy trading Friday as enthusiasm over a long-awaited increase in interest rates faded. Bank stocks, which investors had bid up in hopes they would become more profitable as loan rates climbed, fell the most.
The Dow Jones industrial average skidded 367.29 points, or 2.1 percent, to 17,128.55.
The Standard & Poor's 500 index lost 36.34 points, or 1.8 percent, to 2,005.55.
The Nasdaq composite dropped 79.47 points, or 1.6 percent, to 4,923.08.
For the week:
The Dow fell 136.66 points, or 0.8 percent.
The S&P slipped 6.82 points, or 0.3 percent.
The Nasdaq shed 10.38 points, or 0.2 percent.
For the year:
The Dow is down 694.52 points, or 3.9 percent.
The S&P is down 53.35 points, or 2.6 percent.
The Nasdaq is up 187.03 points, or 4 percent.