At the closing bell, the Dow Jones Industrial Average was down 1.5 per cent, about 350 points, at 23,324.10.
The indexes, which have had their worst early December since 1980, are now down more than nine percent for the year. The S&P 500 is now down 7.7 per cent for the year and the Nasdaq is on the verge of a "bear market", which is a drop of 20 per cent from its peak this year.
The S&P 500 fell 7% for the week.
Poacher ordered by judge to watch Bambi once a month in jail
Two other relatives, Eric and Kyle Berry , had their hunting and fishing privileges revoked for 18 and eight years respectively. However, given the number of deer that were killed, George tacked on an additional punishment to Berry Jr.'s time in prison.
Selling in the S&P 500 Index was dominated by underperforming technology stocks.
The Nasdaq is down 382.26 points, or 5.5 percent.
"We would use all available tools" if the economy got significantly worse, Williams said, though he didn't predict the economy would turn south and pledged the Fed would "take the right policy decision to keep this economy strong".
Lipper data on Thursday showed investors pulled almost $34.6 billion out of stock funds in the latest week and were heading for the biggest month of net withdrawals on record.
PSG's Rabiot agrees Barcelona deal, according to Le Parisien
With the likes of Paul Pogba and Aaron Ramsey linked with the club it seems the club will be busy in negotiating with the player. L'Equipe states that talks of an agreement with Barcelona are untrue, something which has also been pushed by the Catalan media.
Declining issues outnumbered advancers for a 2.52-to-1 ratio on the NYSE and a 3.32-to-1 ratio on the Nasdaq.
-The U.S. dollar ticked higher after two days of sharp losses brought on by fears about the economy and slower increases in interest rates.
Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, said that Fed Chairman Jerome Powell didn't appear concerned about the state of the US economy, despite deepening worries among investors that growth could slow even more in 2019 and 2020.
Furthermore, another drop in oil prices drove down energy stocks.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.80 percent. Benchmark U.S. crude fell 4.5 percent to $46.02 a barrel in NY.
Judge rejects Harvey Weinstein’s request to dismiss sexual assault case
Harvey Weinstein is expected to face trial "fairly soon " after a judge refused to dismiss the sexual assault case against him. Weinstein's lawyers say the case has devolved into chaos and was "irreparably tainted" by DiGaudio's alleged interference.
The technology index sank 1.54 percent, while communication services, which houses high-growth names such as Facebook Inc and Alphabet Inc, dropped 2.2 percent. US crude fell 1 percent to $45.41 a barrel, while Brent fell 1.5 percent to $53.52.