The stock market was hit hard Friday, capping a third week of declines, as investors reacted to a steep drop in oil prices and a jump in the value of the dollar. Utilities, companies that make basic materials like steel, and major exporters had the biggest declines.
On Friday:
The Dow Jones industrial average fell 145.91 points, or 0.8 percent, to 17,749.31.
The Standard & Poor's 500 index lost 12.55 points, or 0.6 percent, to 2,053.40.
The Nasdaq composite fell 21.53 points, or 0.4 percent, to 4,871.76.
For the week:
The Dow lost 107.47 points, or 0.6 percent.
The S&P 500 index fell 17.86 points, or 0.9 percent.
The Nasdaq lost 55.61 points, or 1.1 percent.
For the year:
The Dow is down 73.76 points, or 0.4 percent.
The S&P 500 index is down 5.50 points, or 0.3 percent.
The Nasdaq is up 135.70 points, or 2.9 percent.