The market slumped to its second-biggest weekly loss of the year Friday, breaking six consecutive weeks of gains. Fears that the holiday shopping season will be a dud tanked retail stocks.
The Dow Jones industrial average fell 202.83 points, or 1.2 per cent, to 17,245.24.
The Standard & Poor’s 500 index gave up 22.93 points, or 1.1 per cent, to 2,023.04.
The Nasdaq composite index slipped 77.20 points, or 1.5 per cent, to 4,927.88.
For the week:
The Dow skidded 665.09 points, or 3.7 per cent.
The S&P 500 retreated 76.16 points, or 3.6 per cent.
The Nasdaq gave up 219.24 points, or 4.3 per cent.
For the year:
The Dow is down 577.83 points, or 3.2 per cent.
The S&P is down 35.86 points, or 1.7 per cent.
The Nasdaq is up 191.83 points, or 4.1 per cent.