U.S. stocks plunged Wednesday, bringing the Standard & Poor's 500 index down 10 percent from its November peak. The last time the market had a plunge that big, known as a "correction" on Wall Street, was last August. Energy and consumer stocks bore the brunt of the selling. Netflix and Amazon, the market's two biggest winners last year, also fell sharply.
The Dow Jones industrial average fell 364.81 points, or 2.2 percent, to 16,151.41.
The S&P 500 index lost 48.40 points, or 2.5 percent, to 1,890.28.
The Nasdaq composite shed 159.85 points, or 3.4 percent, to 4,526.06.
For the week:
The Dow is down 195.04 points, or 1.2 percent.
The S&P 500 is down 31.75 points, or 1.7 percent.
The Nasdaq is down 117.57 points, or 2.5 percent.
For the year:
The Dow is down 1,273.62 points, or 7.3 percent.
The S&P 500 is down 153.66 points, or 7.5 percent.
The Nasdaq is down 481.35 points, or 9.6 percent.