Dow loses nearly 500 points to hit lowest level in 2 years

Dow Jones Industrial Average fell nearly 500 points on Friday to close at 29,590.41, its lowest level since November 2020. It was also the index's lowest level of this year. S&P 500 lost 64.76 points to close at 3,693.23, while Nasdaq Composite declined 198.88 points to 10,867.93. This was the fourth negative day in a row for the major indexes.