US stocks fell on Friday after official data suggested the US economy had continued to grow, but at a slower rate than expected.
Feports that the federal government had started a criminal investigation of Goldman Sachs also dented financial stocks.
The Dow Jones Index finished the week down 159 points, or 1.42%, at 1108.6. The Nasdaq Composite fell 52 points, or 2%, to 2461.
Stocks in Europe, closed lower for a third consecutive week.
The FTSE in London fell 65 points, or 1.15%, to 5553, the DAX in Frankfurt fell 9 points, or 0.15%, to 6136 and the CAC-40 in Paris fell 24 points, or 0.6%, to 3817.
The Australian 200 Index closed up 22 points, or 0.5%, to 4807.
The NZX 50 closed up 4 points, or 0.1%, to 3286
At 8.17am on Monday, the New Zealand dollar was trading at 72.60 US cents, 78.73 Australian, 47.43 pence, 68.12 yen and 0.5445 euro. The Trade Weighted Index was at 67.69.
Brent crude oil was trading at $US86.33 per barrel and gold was trading at $US1178.25 per ounce.