U.S. stocks sold off on Friday in its worst trading session since Brexit as hawkish comments from Boston Fed President Eric Rosengren suggested that the Federal Reserve could resume raising interest rates soon, turning off the flow of easy money into the market. The S&P 500 sank to its lowest close in two months, falling 53 points, or 2.5%, to 2,127 for a weekly loss of 2.4%. The Dow Jones Industrial Average shed nearly 400 points, or 2.2%, to end at 18,085, falling 2.2% for the week, while the Nasdaq Composite Index skidded 134 points, or 2.5%, to close at 5,125, bringing its weekly loss to 2.4%.
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From:: Stock Market News