The Dow Jones industrial average slumped for the sixth day in seven Wednesday as stocks fell amid a mixture of concerns.
Stocks fell early in the day as investors reacted to some lackluster earnings reports from companies such as Boeing and AT&T and concerns about the outlook for growth in emerging market economies.
The market extended its declines later in the day, after the Federal Reserve said it would further reduce its economic stimulus.
The Dow Jones industrial average dropped 189.77, or 1.2 percent, to 15,738.79.
The Standard & Poor’s 500 index fell 18.30 points, or 1.02 percent, to close at 1,774.20.
The Nasdaq composite dropped 46.53 points, or 1.1 percent, to 4,051.43.
For the week:
The Dow is down 140.32 points, or 0.9 percent.
The S&P 500 is down 16.09 points, or 0.9 percent.
The Nasdaq is down 76.74 points, or 1.9 percent
For the year so far:
The Dow is down 837.87 points, or 5.1 percent.
The S&P 500 is down 74.16 points, or 4 percent.
The Nasdaq is down 125.16 points, or 3 percent.