Stocks ended the week on a down note Friday, falling sharply on worries about global growth after weaker-than-expected Chinese data.
The Dow Jones Industrial Average fell around 496 points, or 2%, to finish near 24,101, according to preliminary figures. The close put the Dow back into correction territory, defined as a pullback of at least 10% from a recent peak. The S&P 500 dropped 1.9% to end near 2,600, an important psychological support level, while the Nasdaq Composite shed 2.3% to end near 6,910. The S&P and Dow both saw a weekly decline of 2%, while the Nasdaq fell 2.3%.
Source : Marketwatch