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Stocks fell on Friday as Wall Street’s summer rally appeared to falter, putting the S&P 500 and NASDAQ Composite on pace to end the week on a sour note.
The Dow Jones Industrials jettisoned 242.27 points to 33,756.77.
The S&P 500 dropped 46.17 points, or 1.1%, to 4,236.57.
The NASDAQ Composite stumbled 229.29 points, or 1.8%, to 12,736.05.
For the week, the S&P 500 was last down 1%, while the Dow was 0.1% higher. 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 2.99% from Thursday’s 2.88%. Treasury prices and yields move in opposite direction.
Oil prices gained 98 cents to $91.46 U.S. a barrel.
Gold prices fell $8.10 to $1,763.10 U.S. an ounce.
