India, Dec. 3 -- Stocks have moved sharply lower over the course of morning trading on Friday, partly offsetting the rally seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
Currently, the major averages are just off their lows of the session. The Dow is down 202.10 points or 0.6 percent at 34,437.69, the Nasdaq is down 282.04 points or 1.8 percent at 15,099.28 and the S&P 500 is down 46.00 points or 1 percent at 4,531.10.
The pullback on Wall Street extends the volatility seen throughout the week, with stocks showing wild swings back and forth in reaction to the latest news about the Omicron variant of the coronavirus.
After the first confirmed o...