Stocks showed a substantial move back to the downside during trading on Friday, more than offsetting the notable rebound seen in the previous session. With the steep drop on the day, the Dow fell to its lowest closing level in well over a month.
The major averages all moved sharply lower for the session. The Dow plunged 620.74 points or 2 percent to 29,982.62, the Nasdaq plummeted 266.46 points or 2 percent to 13,070.69 and the S&P 500 tumbled 73.14 points or 1.9 percent to 3,714.24.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.