Extending the pullback seen over the two previous sessions, stocks have moved sharply lower in morning trading on Friday. The major averages continue to offset the substantial recovery rally seen at the start of the week.
Currently, the major averages are off their lows of the session but continue to post steep losses. The Dow is down 403.51 points or 1.4 percent at 29,523.43, the Nasdaq is down 295.54 points or 2.7 percent at 10,777.77 and the S&P 500 is down 69.44 points or 1.9 percent at 3,675.08.
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