With traders reacting negatively to a highly anticipated report on consumer price inflation, stocks moved sharply lower during trading on Friday. The steep drop on the day extended the sell-off seen over the course of Thursday's session.
The major averages finished the day just off their lows of the session. The Dow slumped 880.00 points or 2.7 percent to 31,392.79, the Nasdaq dove 414.20 points or 3.5 percent to 11,340.02 and the S&P 500 tumbled 116.96 points or 2.9 percent to 3,900.86.
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