Stocks moved sharply lower over the course of the trading day on Friday, extending the pullback seen in the previous session. With the steep drop on the day, the major averages continued to give back ground after ending Wednesday's trading at their best closing levels in well over a month.
The major averages ended the day firmly in the red. The Dow tumbled 622.03 points or 2.6 percent to 23,723.69, the Nasdaq plunged 284.60 points or 3.2 percent to 8,604.95 and the S&P 500 slumped 81.72 points or 2.8 percent to 2,830.71.
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