After ending Thursday's wild ride sharply higher, stocks showed a substantial pullback over the course of the trading session on Friday. The major averages all posted steep losses, with the tech-heavy Nasdaq plunging to its lowest closing level in over two years.
The major averages saw further downside going into the close, ending the day near their lows of the session. The Dow slumped 403.89 points or 1.3 percent to 29,634.83, the Nasdaq dove 327.76 points or 3.1 percent to 10,321.39 and the S&P 500 tumbled 86.84 points or 2.4 percent to 3,583.07.
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