India, March 28 -- Stocks have moved sharply lower during trading on Friday, extending the pullback seen over the two previous sessions. The major averages have all shown significant moves to the downside, with the tech-heavy Nasdaq leading the way lower.
Currently, the major averages are just off their worst levels of the day. The Nasdaq is down 347.90 points or 2.0 percent at 17,456.13, the S&P 500 is down 82.77 points or 1.5 percent at 5,610.54 and the Dow is down 523.49 points or 1.2 percent at 41,776.21.
The sell-off on Wall Street comes amid concerns about the outlook for the economy following the latest data, including the Federal Reserve's preferred readings on inflation.
While a Commerce Department report showed consumer prices ...