India, Aug. 29 -- After trending higher over the past few sessions, stocks moved back to the downside during trading on Friday. The major averages all moved lower on the day, with the tech-heavy Nasdaq posting a particularly steep loss.
The major averages ended the day off their lows of the session but still in negative territory. The Nasdaq slumped 249.61 points or 1.2 percent to 21,455.55, the S&P 500 slid 41.60 points or 0.6 percent to 6,460.26 and the Dow dipped 92.02 points or 0.2 percent to 45,544.88.
With the pullback on the day, the major averages closed slightly lower for the week. The S&P 500 edged down by 0.1 percent, while the Dow and the Nasdaq both slipped by 0.2 percent.
The weakness on Wall Street may partly have reflecte...