Stocks moved sharply lower in early trading on Friday and have seen further downside over the course of the session. The major averages are extending a recent downward trend, with the Dow tumbling to its lowest intraday level in well over a year.
The major averages have climbed off their worst levels in recent trading continue to post steep losses. The Dow is down 626.93 points or 2.1 percent at 29,449.75, the Nasdaq is down 255.28 points or 2.3 percent at 10,811.53 and the S&P 500 is down 84.40 points or 2.3 percent at 3,673.59.
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