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Stocks Log Worst Quarter Since Credit Crisis
CNBC.com | September 30, 2011 | 07:24 PM EDT

Stocks closed out the worst quarter in almost three years amid fears over the global recovery and finished near session lows for the day as investors were reluctant to stay long ahead of the weekend.

For the quarter, the Dow and the S&P plunged more than 12 percent, while the Nasdaq tanked over 14 percent.

The Dow Jones Industrial Average tumbled 240.60 points, or 2.16 percent to finish at 10,913.38, led by Hewlett-Packard .

For the quarter, BofA was the worst performer on the blue-chip index, tanking more than 44 percent, while McDonald's was the biggest gainer, adding almost 4 percent.

The S&P 500 fell 28.98 points, or 2.5 percent to end at 1,131.42, while the Nasdaq declined 65.36 points, or 2.63 percent to finish at 2,415.40.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished near 43.

For the week, the Dow logged a gain of 1.32 percent, the S&P slipped 0.44 percent, while the Nasdaq dropped 2.73 percent.

Among the key S&P sectors, materials led the laggards for the week, while telecom gained. And for the quarter, utilities eked out a gain while financials and materials plummeted.

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