(CNBC) U.S. stocks plunged on Friday, extending a recent rout, as concerns about slowing global growth continued to pressure investor sentiment.
"Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it's interpreted indiscriminately," said Tom Digenan, head of U.S. equities as UBS Global Asset Management.
The major averages accelerated selling in late morning trade to fall more than 1.5 percent, on track for their worst week since 2011. Earlier, the averages briefly attempted to halve losses in mid-morning trade.
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