(CNBC) U.S. equities closed sharply lower on Friday amid a massive drop in technology stocks and as mixed U.S. employment data raised concerns the Federal Reserve may raise rates this year.
"It started with the uncertainty of the Fed and with the weak tech earnings ... it seems to have spread to the broader market," said JJ Kinahan, chief strategist at TD Ameritrade. "I think people are taking any unnecessary risk off before the weekend."
The three major indexes opened slightly lower, with the Dow Jones industrial average briefly trying for gains, before falling 200 points. McDonald's and Home Depot weighed the most on the index.
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