The broad-based S&P 500 fell 1.5 percent, and all 11 sectors of the index retreated, with financials and technology among the hardest hit.
As of Thursday's close, the benchmarks are now on track for weekly losses around 0.5%.
It was only the fourth session this year in which the S&P lost more than 1 percent in a day.
This was compounded after the White Housesaid the president's advisory council on infrastructure "will not move forward". Also weighing on the greenback was today's terrorist attack in Barcelona, Spain which resulted in a number of casualties.
At about 5 p.m. Thursday local time, or 11 a.m. Islamic State has claimed responsibility (http://www.marketwatch.com/story/islamic-state-takes-credit-for-deadly-barcelona-attack-on-pedestrians-2017-08-17) for the terror attack. Similar attacks have killed well over 100 people in Nice, Berlin, London and Stockholm.
But you won't get the White House to admit it.
A former banker of Goldman Sachs, Mr. Cohn is perceived on Wall Street as a guarantee of stability in a government plagued with difficulties. The firm said it is reluctant to make too much out of media chatter "other than simply a nod to the risk as the market enters a relatively quiet period". Industrial production increased 0.2 percent in July over June's data, coming in slightly below market expectations of a 0.3 percent pick up.
The yield on the 10-year Treasury note fell to 2.18% by 4 p.m. ET, a 10 basis point drop from the high point early Wednesday.
Tom Cruise Broke His Ankle ... In 'M:I6' Stunt Gone Wrong
This happened when he jumped from one rooftop in London on August 13 on the set of the sixth installment of Mission: Impossible . Media reports in the USA today confirmed filming on the movie will stop for up to nine weeks while Cruise recovers.
Small-cap stocks also sold off.
The Dow began to drop on Thursday as reports that the ex-Wall Street man was planning to resign started to circulate.
On Wednesday, U.S. Secretary of Veterans Affairs David Shulkin told journalists that he was "outraged" as a Jewish American by the activities of white supremacists groups and neo-Nazis and could not hold his feelings but to speak out against them.
On the earnings front Friday, Foot Locker Inc.(FL), Deere & Co.(DE) and Estée Lauder Cos.(EL) are all slated to report ahead of the bell.
On the economic calendar for Friday, the University of MI was scheduled to release a preliminary reading for its consumer confidence index in August.
Moreover, " when, in August, the market share in one direction, it is complicated to stop it, because the low volume of trade tends to exaggerate the trends", he added.
Oil prices continued higher on Friday, rising 0.4% to $47.27 a barrel.
Gold broadly held gains, while on forex markets the dollar languished below 109.5 yen as safe haven assets received a boost from renewed geopolitical tensions.
If you're planning to view the solar eclipse, you might want to plan a visit to the Faulkner Planetarium before the big event. If you have special eclipse shades, or number 14 welder's glass, you will be able to look at the sun during the eclipse.
I enjoy them all, but those are the ones I sort of feel he was really able to show his acting the way he wanted to at that time. Elvis oozed sex appeal with his trademark lip curl and gyrating hips that would earn him the nickname " Elvis the Pelvis".
Lenders such as Yes Bank Ltd and Axis Bank Ltd among others have also cut interest rates on certain savings accounts. It fell by almost Rs 31,400 crore as per the Friday's intraday low of Rs 884.4 per share on BSE .
ETFS GBP Daily Hedged WTI Crude Oil (FCRU.L) shares are moving today on volatility -1.06% or $-0.30 from the open. Funds from that sale will go to the National Institutes of Health, according to the Department of Energy.
Quantitative Systematic Strategies LLC purchased a new stake in Ross Stores during the first quarter valued at about $997,000. The stock of Ross Stores, Inc . 341.62 million shares or 0.09% more from 341.30 million shares in 2016Q3 were reported.
The Indians improved to a season-high five games in front of the second-place Minnesota Twins, who were idle. Since the All-Star break, Stanton is slashing.302/.413/.849 with an incredible 17 home runs and 29 RBI.
Net earnings increased 9.5% to $2.67 billion, or $2.25 per share, up from $2.44 billion, or $1.97 a share, in the prior year. At the end of Mar reporting period, 784 institutional holders increased their position in The Home Depot, Inc .
New U.N. sanctions condemning North Korea's rapidly developing nuclear program drew fresh ire and threats from the North. The White House said the two "agreed North Korea must stop its provocative and escalatory behaviour".
Van Hits Crowd In Central Barcelona, 'Many Injuries' Reported
In a seemingly separate incident, police shot and killed a man who drove into two officers at a traffic blockade in Barcelona. There were separate reports that a suspect had been arrested , but it was not clear whether this referred to the same person.
BMW Concept Z4 Preview
The side view reveals the front and rear overhangs are short, and the cabin moves slightly forward. BMW says, however, that the driver is moved a bit closer to the midpoint of the auto .
We Happy Few has a release date
In other We Happy Few news, the alpha build that's already out is receiving a major update today dubbed Life in Technicolour . The game will remain Xbox Play Anywhere across Windows 10 and Xbox One , and it will also hit Steam and PlayStation 4 (PS4).
Recall issued for Samsung Galaxy Note 4 batteries
These "S-buds" may be bundled with the Note8 but would also be available for seperate purchase to use with the Galaxy S8 devices. Around 10,000 batteries are being recalled and the commission urges those with the phones to stop using them and turn them off.