With traders reacting negatively to remarks by Federal Reserve Chair Jerome Powell, stocks moved sharply lower during trading on Friday. The major averages more than offset the upward move seen over the two previous sessions, falling to their lowest levels in a month.
The major averages saw further downside going into the close, ending the session at their worst levels of the day. The Dow plunged 1,008.38 points or 3 percent to 32,283.40, the Nasdaq dove 497.56 points or 3.9 percent to 12,141.71 and the S&P 500 plummeted 141.46 points or 3.4 percent to 4,057.66.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.