Nasdaq Moving Sharply Lower Amid Extended Tech Weakness

Stocks have moved notably lower during trading on Friday, with the major averages all moving to the downside after ending the previous session mixed. The tech-heavy Nasdaq has shown a particularly steep drop.

Currently, the major averages are off their worst levels but still firmly negative. The Nasdaq is down 468.14 points or 1.7 percent at 26,362.82, the S&P 500 is down 70.59 points or 0.9 percent at 7,513.72 and the Dow is down 134.87 points or 0.3 percent at 51,427.06.