India, March 21 -- After ending yesterday's choppy session modestly lower, stocks have seen further downside during trading on Friday. With the downward move on the day, the Nasdaq and the S&P 500 are poised to close lower for the fifth straight week.
Currently, the major averages are well off their lows of the session but still firmly negative. The Dow is down 318.44 points or 0.8 percent at 41,634.88, the Nasdaq is down 109.16 points or 0.6 percent at 17,582.46 and the S&P 500 is down 40.85 points or 0.7 percent at 5,622.04.
The weakness on Wall Street comes amid ongoing concerns about the economic outlook along with rising geopolitical tensions and uncertainty about the impact of President Donald Trump's tariffs.
A steep drop by share...