Stocks have moved sharply lower in morning trading on Friday, more than offsetting the modestly higher close seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the pullback.
In recent trading, the major averages have fallen to new lows for the session. The Nasdaq is down 222.12 points or 1.7 percent at 12,743.23, the S&P 500 is down 47.88 points or 1.1 percent at 4,235.86 and the Dow is down 271.06 points or 0.8 percent at 33,727.98.
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