US stock indexes on Friday lost 1-1.7% after the publication of report on the US labor market situation in August.
On Monday, the American Stock Exchange will be closed in because of the Labor Day.
The August employment data have been mixed, reinforcing the nervousness in the market and discussions of whether or not the Federal Reserve will raise interest rates in September, says MarketWatch.
"For the first time the market looks at the Fed meeting and really has no idea what the Fed is going to do," - said a stock trader at Themis Trading LLC, Mark Kepner.
The head of the Richmond Federal Reserve Bank, Jeffrey Lacke,r said on Friday that it was time for the Central Bank to complete the era of record low interest rates, as the impact on the economy from the bad weather last winter and energy prices has already passed.
The futures market estimates the likelihood of increasing borrowing costs this month by approximately 26% against 38% the previous week.
Standard & Poor's 500 from Friday to Friday fell 3.4%, the second largest weekly decline for this year. Dow Jones Industrial Average in the last week fell 3.3%, while shares of 29 from 30 companies, which are included in the index calculation, fell. Weekly losses of Nasdaq Composite were 3%.
Dow Jones Industrial Average index on Friday fell 272.38 points (1.66%), to 16,102.38 points.
Standard & Poor's 500 at the end of trading dropped 29.91 points (1.53%), to 1921.22 points.
The shares of Nasdaq Composite fell 49.58 points (1.05%). to 4.683.92 points.
All ten industry groups of S&P 500 fell on Friday; the most significant declines demonstrated the financial and commodity sectors.
Shares of Goldman Sachs Group Inc (NYSE: GS) and JPMorgan Chase & Co (NYSE: JPM) decreased by more than 1.9%, leading the decline among the largest banks.
The price of the Freeport-McMoRan Inc. fell 4.2% due to strong reducing of the cost of copper in the last eight weeks. In addition, the international rating agency S&P changed the outlook of the company to "negative."
Capitalization of Alibaba Group Holding Ltd. fell 3.9% on the news that the chairman of the Chinese Internet giant, Jack Ma, and his deputy, Joseph Tsai, are going to get a loan of $ 2 billion, offered as security for the company's shares.
In addition, shares of engineering companies Caterpillar Inc (NYSE: CAT) and Joy Global Inc (NYSE: JOY) got cheaper by respectively 1.8% and 1.4%.