The Standard & Poors 500 Index lost 1 percent to 1,774.94 at 3:04 p.m. in New York. The Dow Jones Industrial Average dropped 181.23 points, or 1.1 percent, to 15,747.33 today.

U.S. stocks fell Friday, pushing the Dow Jones Industrial Average toward the biggest weekly decline since May 2012, as a selloff in developing-nation currencies spurred concern global markets will become more volatile.

Stocks climbed, paring this years loss for the Standard & Poors 500 Index, as Macys Inc. rallied and jobless claims fell before the start of corporate earnings season.

U.S. stocks fluctuated, after equities rebounded yesterday from a three-day retreat, as investors weighed a private report showing companies added more workers than forecast last month.