(Washington Times) Stocks fell on Friday, adding to their steep weekly losses, as investors assess the possibility of a trade war brewing between the U.S. and China.
The Dow Jones industrial average dropped 350 points with DowDuPont as the worst-performing sector, while the Nasdaq composite fell 2 percent. The S&P 500 declined 1.8 percent, with financials pulling back 2.7 percent.
"People are a little worried ahead of the weekend. You can see that people have been buying a little bit of the options that expire next week which would give you a little protection over the weekend," said Patrick Kernan of Cardinal Capital. Kernan, who trades in the pit at the Cboe, said the sell off this week has been a lot more orderly than February's decline. "There's not lots of panic," he said.
Advertisement - story continues below