India, June 13 -- Stocks have moved sharply lower during trading on Friday, more than offsetting the modest gains posted in the previous session. The major averages have all moved to the downside, with the Dow and S&P 500 pulling back well off yesterday's three-month closing highs.
Currently, the major averages are just off their lows of the session. The Dow is down 689.84 points or 1.6 percent at 42,277.78, the Nasdaq is down 244.03 points or 1.2 percent at 19,418.45 and the S&P 500 is down 62.57 points or 1.0 percent at 5,982.69.
The sell-off on Wall Street comes amid geopolitical concerns after Israel launched a series of airstrikes against Iran earlier this morning.
The Israeli airstrikes targeting nuclear facilities and ballistic mi...