FXstreet.com (San Francisco) - U.S. stocks ended sharply lower Friday after a slew of downbeat quarterly earnings reports, recording their worst single-day decline in nearly four months and highlighting the global economic slowdown.
The Dow Jones Industrial Average dropped 205.43 points on Friday, or 1.5%, to close at 13,343.51; Dow advanced 0.1% for the week. The S&P 500 index lost 24.15 points, or 1.7% to end the day at 1,433.19, gaining 0.3% for the week. The Nasdaq Composite shed 67.25 points, or 2.2%, to 3,005.62, ending down 1.3% from the close a week ago.
In Europe, EU leaders in Brussels agreed to establish a eurozone banking supervisor in 2013, designed to block prevent future catastrophic threats to the monetary union. The US Dollar finished strong, holding at highs.
The Dow Jones Industrial Average dropped 205.43 points on Friday, or 1.5%, to close at 13,343.51; Dow advanced 0.1% for the week. The S&P 500 index lost 24.15 points, or 1.7% to end the day at 1,433.19, gaining 0.3% for the week. The Nasdaq Composite shed 67.25 points, or 2.2%, to 3,005.62, ending down 1.3% from the close a week ago.
In Europe, EU leaders in Brussels agreed to establish a eurozone banking supervisor in 2013, designed to block prevent future catastrophic threats to the monetary union. The US Dollar finished strong, holding at highs.
