Following the rebound seen in the previous session, stocks pulled back sharply during trading on Friday. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq showing a particularly steep drop.
The major averages regained ground going into the close but remained in negative territory. While the Nasdaq plunged 274.00 points or 2.5 percent to 10,911.59, the S&P 500 tumbled 40.15 points or 1.2 percent to 3,269.96 and the narrower Dow fell 157.51 points or 0.6 percent to 26,501.60.
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