Stocks fell on Friday, with the S&P 500 on track to break its four-week win streak as Wall Street’s summer rally lost its steam.
The Dow Jones Industrials jettisoned 275.27 points to 33,723.77.
The S&P 500 dropped 46.85 points, or 1.1%, to 4,236.89.
The NASDAQ Composite stumbled 217.67 points, or 1.7%, to 12,747.67.
For the week, the S&P 500 was last down 0.82%, while the Dow was up 0.14%. The tech-heavy NASDAQ is currently down more than 2% for the week.
In other news, Bed Bath & Beyond shares cratered after Ryan Cohen exited his position in the retailer.
About $2 trillion worth of options contracts are set to expire on Friday.
Treasury prices leaped, lowering yields to 2.97% from Thursday’s 2.88%. Treasury prices and yields move in opposite direction.
Oil prices crept lower 30 cents to $90.20 U.S. a barrel.
Gold prices fell $6.80 to $1,764.40 U.S. an ounce.
Stocks Tumble as S&P Could Break Weeks-Long Streak
