US stocks ended a miserable week with steep losses as worries about growth in the United States, China and Europe eclipsed a solid start to the corporate earnings season.
All three main stock indices lost more than 1 per cent on Friday, snapping a two-day rally as investors fretted aboutSpain's rocky finances amid spiking borrowing costs.
The Dow Jones Industrial Average finished at 12,849.59 points, down 1.61 per cent on the week.
The Standard & Poor's 500 index, a broad measure of the markets, shed 2 per cent for the week at 1370.26. That was its biggest weekly decline so far this year.
