Dow Falls 700 Points. Stocks Are Sliding to Close Out the Week.
The stock market’s slide picked up in afternoon trading. The Dow was down 718 points, or 1.6%, in recent trading. The S&P 500 was down 1.4%. The Nasdaq Composite was down 1.7%. UnitedHealth accounted for roughly half of the Dow’s decline with an 8.
Poor earnings results and a slump in the major gauges leave the weekend uncertain as futures hug the flatline.
The selloff came as more than $2.7 trillion worth of options expired, an event which typically spurs heightened volatility.
Stocks fell sharply after reports signaled concerns that President Trump's policies could be impacting the U.S. economy.
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Dow Inc. closed 34.77% below its 52-week high of $60.69, which the company reached on April 4th.
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