Dow Plunges More Than 550 Points as Trade War Fears Rattle Wall Street

Spencer Platt/Getty Images, File

Stocks fell sharply on Friday as worries of a trade war brewing between the U.S. and China grew, CNBC reported. Wall Street also digested disappointing employment data.

The Dow Jones industrial average fell 572.46 points to 23,932.76, closing back in correction. Boeing and Caterpillar were the biggest decliners in the 30-stock index. The S&P 500 declined 2.2 percent to 2,604.47, with industrials as the worst-performing sector. The Nasdaq composite dropped 2.3 percent to close at 6,915.11.

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