NEW YORK (AP) — U.S. stocks skidded Wednesday after the Federal Reserve gave a cautious assessment of the global economy and said growth in the U.S. has slowed down.
The Dow Jones industrial average tumbled 222.77 points, or 1.4 percent, to 15,944.46.
The Standard & Poor's 500 index lost 20.68 points, or 1.1 percent, to 1,882.95.
The Nasdaq composite index dropped 99.51 points, or 2.2 percent, to 4,468.17.
For the week:
The Dow has fallen 149.05 points, or 0.9 percent.
The S&P 500 has declined 23.95 points, 1.3 percent.
The Nasdaq has retreated 123.01 points, or 2.7 percent.
For the year:
The Dow is down 1,480.57 points, or 8.5 percent.
The S&P 500 is down 160.99 points, or 7.9 percent.
The Nasdaq is down 539.24 points, or 10.8 percent.