US stocks end sharply lower, pushed by global economy concerns

US stocks fell on Thursday on concerns about a slowdown in global economic growth following weak data as well as pressure on the technology and energy sectors, which weighed on Wall Street's weekly performance.

Data from the eurozone showed industrial activity fell at its fastest pace in six months in February, raising concern about the economy of the EU and its impact on the global economy.

A US trade delegation is expected to visit China next week to discuss ways to resolve the trade dispute between the two countries and reach a deal.

While Trump had threatened to keep tariffs against China's imports if they did not commit to reaching a trade deal, and sources said it had put pressure on Beijing to increase its purchases of US goods and products.

On the other hand, the Turkish "lira" fell by more than 6% during the day against the US dollar, on the backdrop of a diplomatic crisis looming between the two countries, which caused the volatility of emerging markets.

US economic data showed that US industrial PMI fell to 52.5 points last month, while the government budget recorded the biggest deficit last month.

In the oil market, West Texas fell 1.6% to $59.04 a barrel, but gained weekly gains of 0.4%, with a high of $60.07 and a low of $58.2.

Brent fell 1.2% to $67.03 a barrel, with a weekly loss of 0.2%, while the session reached a high of $67.9 and a low of $66.2.

At the close of Friday's session, Dow Jones fell 1.8% (460 points) to close at 25,502 points, and recorded a weekly loss of 1.3%, reaching a high of 25877 points and a low of 25501 points.

Nasdaq also fell 2.5% (196 points) to 7,642 points and recorded a weekly loss of 0.6%, with a high of 7818 points and a low of 7,642 points.

Standard & Poor's fell by 1.9% (54 points) to 2,800 points, and reached a weekly loss of 0.8%, with a high of 2846 points and a low of 2,800 points.