Fears over slowing global growth hammered stocks in the U.S. on Friday and lifted prices of government bonds and other assets seen as safer bets. The selling came a day after the Federal Reserve decided to hold interest rates near zero, citing low inflation and a weak global economy.
The Dow Jones industrial average fell 290.16 points, or 1.7 percent, to 16,384.58.
The Standard & Poor's 500 index slumped 32.17 points, or 1.6 percent, to 1,958.03.
The Nasdaq composite shed 66.72 points, or 1.4 percent, to 4,827.23.
For the week:
The Dow is down 48.51 points, or 0.3 percent.
The S&P 500 index is down 3.02 points, or 0.2 percent.
The Nasdaq is up 4.89 points, or 0.1 percent.
For the year:
The Dow is down 1,438.49 points, or 8.1 percent.
The S&P 500 index is down 100.87 points, or 4.9 percent.
The Nasdaq is up 91.17 points, or 1.9 percent.