India, Aug. 1 -- Following the downturn seen over the course of Thursday's session, stocks showed a more substantial move to the downside during trading on Friday. The major averages all moved sharply lower, with the Nasdaq and the S&P 500 pulling back well off Thursday's record intraday highs.
The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq plunged 472.32 points or 2.2 percent to 47,231.61, the S&P 500 tumbled 101.38 points or 1.6 percent to 6,238.01 and the Dow slumped 542.40 points or 1.2 percent to 43,588.58.
For the week, the Dow plummeted by 2.9 percent, while the S&P 500 the Nasdaq dove by 2.4 percent and 2.2 percent, respectively.
The sell-off on Wall Street came amid concerns ...