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.