With worries about higher interest rates continuing to weigh on Wall Street, stocks moved sharply lower during trading on Friday. The major averages added to the losses posted on Wednesday and Thursday, further offsetting the substantial recovery rally seen to start the week.
The major averages climbed off their lows of the session going into the close but still posted steep losses. The Dow tumbled 630.15 points or 2.1 percent to 29,296.79, the Nasdaq plummeted 420.91 points or 3.8 percent to 10,652.40 and the S&P 500 plunged 104.86 points or 2.8 percent to 3,639.66.
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