The worst week on Wall Street for months

There was no happy ending to a tough week on the U.S. stock market. The downturn continued right from the opening Friday on Wall Street.

A weak earnings report from major bank JPMorgan Chase, sent shares down by four percent in the morning, which was the biggest drop in a year and a large sell-off of U.S. equities continued. Investors were nervous and it sent the leading indices south.

Nasdaq was the biggest loser, the wide range of technology-intensive companies in truth had a bad week. The index fell by more than 1.3 percent, below 4000 for the first time since early February. For the whole week, there was a decrease of 3.1 percent.

JPMorgan downturn hit the Dow Jones, which fell 143 points and lost a total of 2.4 percent for the entire week and ended up in 16026.75, which is the lowest since February.

Friday was also not a day of joy for the S&P 500, which fell just less than 1 percent and saw sales in all sectors. This means that the index is down by 2.4 percent for the week.

A case of hard diet after several weeks with upturn for the majority of the stock index.