NEW YORK—A whipsaw week for Wall Street closed with drops for stocks Friday as worries worsened about the banking industry and fears rose that it could drag the economy into a recession.
The S&P 500 sank 1.1 percent, cutting into its gain for the week. The Dow Jones Industrial Average lost 384 points, or 1.2 percent, while the Nasdaq composite fell 0.7 percent.
