Stocks dropped Friday for a second day in a row as investors grew anxious that corporate earnings growth is faltering. Weaker results at JPMorgan Chase dragged bank stocks lower. More declines in high-growth Internet and biotechnology stocks pushed the Nasdaq composite down for the third week in a row.
The Dow Jones industrial average fell 143.47 points, or 0.9 percent, to 16,026.75.
The Standard & Poor's 500 index fell 17.39 points, or 1 percent, to 1,815.69.
The Nasdaq composite fell 54.37 points, or 1.3 percent, to 3,999.73.
For the week:
The Dow Jones industrial average fell 385.96 points, or 2.4 percent.
The Standard & Poor's 500 index fell 49.40 points, or 2.7 percent.
The Nasdaq composite fell 127.99 points, or 3.1 percent.
For the year:
The Dow Jones industrial average is down 549.91 points, or 3.3 percent.
The Standard & Poor's 500 index is down 32.67 points, or 1.8 percent.
The Nasdaq composite is down 176.86 points, or 4.2 percent.