Stocks Log First Weekly Loss Since Early May

In other trading, the Russell 2000 index of smaller companies rose 3.24, or 0.6 percent, to 512.72.

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The Dow Jones industrial average closed the week down 259.53, or 3.0 percent, at 8,539.73. The Standard & Poor's 500 index fell 24.98, or 2.6 percent, to 921.23. The Nasdaq composite index fell 31.33, or 1.7 percent, to 1,827.47.

The Russell 2000 index, which tracks the performance of small company stocks, fell 14.11, or 2.7 percent, for the week to 512.72.

The Dow Jones U.S. Total Stock Market Index — which measures nearly all U.S.-based companies — ended at 9,428.97, down 272.46, or 2.8 percent, for the week. A year ago, the index was at 13,514.89.