Key facts
- The Nasdaq Composite experienced its largest one-day point drop on record.
- The Nasdaq Composite fell more than 1,121 points.
- The S&P 500 saw its market value decrease by $1.8 trillion.
- Major stock market indexes encountered a significant selloff on Friday.
Major stock market indexes experienced a significant selloff on Friday, marking a notable hiccup after a two-month rally. The Nasdaq Composite recorded its largest ever one-day point drop, plummeting more than 1,121 points, according to Dow Jones Market Data. Concurrently, the S&P 500 saw its market value decrease by $1.8 trillion.