Stocks recovered from initial weakness but showed a significant move back to the downside over the course of the trading session on Friday. With the pullback on the day, the Nasdaq and S&P 500 gave back ground after moving sharply higher for three straight sessions.
After ending Thursday's trading at nearly five-month closing high, the Nasdaq tumbled 193.86 points or 1.6 percent to 12,006.95. The S&P 500 also slumped 43.28 points or 1.0 percent to 4,136.48, pulling back off its best closing level in over five months.
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