Bad day on Wall Street

Business

Bad day on Wall Street

Traders react as stocks took a steep dive on Friday.

Specialist Vincent Surace works on the floor of the New York Stock Exchange Friday, Jan. 24, 2014. (AP Photo/Jason DeCrow)

A trader works on the floor of the New York Stock Exchange in New York on Friday. U.S. stocks fell more than 300 points, pushing the Dow Jones Industrial Average to the biggest weekly decline since June 2012, as equities slumped worldwide amid a selloff in emerging-market currencies. Photo: Jin Lee/Bloomberg

A trader works on the floor of the New York Stock Exchange on Friday. The Dow suffered its biggest weekly decline since June 2012. Photo: Jin Lee/Bloomberg

A trader monitors the stock numbers during Friday's chaotic trading. Photographer: Jin Lee/Bloomberg

Traders work on the floor of the New York Stock Exchange Friday. The Dow is down almost 500 points over the past two days as investors pull out of stocks and emerging markets and stash money in safer assets like bonds. Photo: Jin Lee/Bloomberg

Traders work on the floor of the New York Stock Exchange on Friday. Despite the sell-off, U.S. stocks remain near all-time highs after surging 30 percent last year. Jin Lee/Bloomberg

The bad news wasn't confined to Wall Street. In Asia Friday, Japan's Nikkei 225 slipped 1.9 percent to close at 15,391.56; Hong Kong's Hang Seng shed 1.2 percent to 22,450.06; and Seoul's Kospi dropped 0.4 percent to 1,940.56. Photographer: Jin Lee/Bloomberg

U.S. stocks have not endured a correction — a drop of 10 percent or more over time — since October 2011. Photo: Jin Lee/Bloomberg

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Specialist Vincent Surace works on the floor of the New York Stock Exchange Friday, Jan. 24, 2014. (AP Photo/Jason DeCrow)

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