A series of weak economic reports sent the stock market plunging to its lowest level in a month. The troubling economic data included weak hiring at private companies, orders to U.S. factories that were lower than expected and sluggish job growth in the service sector.
The Dow Jones industrial average fell 216.95 points to 14,960.59, down 1.4 percent.
The Standard & Poor’s 500 index slid 22.48 points to close at 1,608.90, off 1.4 percent.
The Nasdaq composite index fell 43.78 points to 3,401.48, declining 1.3 percent.
For the week:
The Dow is down 154.98 points, or 1 percent.
The S&P 500 is down 21.84 points, or 1.3 percent.
The Nasdaq is down 54.43 points, or 1.6 percent.
For the year:
The Dow is up 1,856.45 points, or 14.7 percent.
The S&P 500 is up 182.71 points, or 12.8 percent.
The Nasdaq is up 381.97 points, or 12.6 percent.