NEW YORK (AP) — The stock market had its worst week since August as investors dumped retail stocks over worries that the holiday season will be a dud.
The dismal week that ended Friday broke a six-week stretch of gains for the market. Oil prices also continued to slump.
Nordstrom disappointed investors with a weak profit report and outlook. J.C. Penney, GameStop and Ross Stores also took a beating.
The Dow Jones industrial average dropped 202 points, or 1.2 percent, to 17,245.
The Standard & Poor's 500 index gave up 22 points, or 1.1 percent, to 2,023. The Nasdaq composite fell 77 points, or 1.5 percent, to 4,927.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.78 percent.