U.S. Stocks Close Sharply Lower, Post Weekly Loss

Sharp losses on Wall Street Friday resulted in weekly declines for the S&P 500 and Dow Jones Industrial Average. Stocks sold off a day after the Federal Reserve decided to keep its key borrowing rate unchanged, fanning global growth fears. The S&P 500 fell 32.19 points, or 1.6%, to 1,958.02 and ended the week 0.2% lower. The Dow Jones Industrial Average dropped 289.69 points, or 1.7%, to 16,385.05 and booked a 0.3% loss over the week. The Nasdaq Composite ended the day down 66.72 points, or 1.4% at 4,827.23, but eked out a 0.1% gain for the week.