US stocks have collapsed by more than 3% on Friday, reported Bloomberg.
The fall of Standard & Poor's 500 on Friday by 3.2%, and by 5.8% for the whole week, was the highest in nearly four years.
Dow Jones Industrial Average went down from its last peak by more than 10%, entering into a phase of correction. In the correction phase, there are already the energy sector, as well as biotechnology, transport and raw materials sectors.
Over the past week, Dow Jones fell 5.8%, the worst weekly dynamics from September 2011, and Nasdaq Composite fell 6.8%, says MarketWatch.
The weak data on the Chinese economy had a negative impact on the mood of investors around the world. Business activity in the processing industry of China fell in August to its lowest level in six years.
In addition, the expectations that the Federal Reserve will hold the first rise of the interest rate in a long time have fallen.
"The market does not find support, until we see clear signals regarding the Chinese national currency and interest rates in the US, and so far we have not, - says market analyst at BGC Partners Michael Ingram. - Investors are scared and stunned, and if you are an investor in the markets of emerging markets , you probably do close to suicide. "
Dow Jones Industrial Average Index on Friday fell 530.94 points (3.12%), to 16459.75 points.
Standard & Poor's 500 at the end of the trading fell 64.84 points (3.19%) to 1970.89 points, the lowest since October last year. The indicator fell from the beginning of the year by 4.3% and dropped below 2000 points for the first time since February.
Nasdaq Composite quotes during the day collapsed by 171.45 points (3.52%), to 4706.04 points.
The volume of transactions exceeded 10.5 billion shares, the highest rate since December. At the same time, Friday was the limit for the execution of a number of futures and options, which also contributed to the growth of trade turnover.
All ten major industries of S&P 500 fell on Friday, including the high-tech sector - by 4.2%, and energy consumption - more than 3.2%.
The Intuit Inc (NASDAQ: INTU) shares showed the most significant drop in prices among companies on the basis of S&P 500 and Nasdaq: by 13%.
The market value of Apple Inc (NASDAQ: AAPL) and Facebook Inc (NASDAQ: FB) dropped respectively by 6.1% and 4.9%.