Investing.com - U.S. stocks tumbled on Friday, with the Dow Jones giving back 2014's gains amid a tech sell off and concerns a global slowdown will water down U.S. earnings.
At the close of U.S. trading, the Dow 30 fell 0.69%, the S&P 500 index fell 1.15%, while the NASDAQ Composite index plummeted 2.33%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was up 13.22% at 21.24.
Wall Street stocks continued to take a beating on fears softening European and Asian economies could slow U.S. business concerns overseas.
In the U.S. earlier, data revealed that import prices fell 0.5% in September from August, better than market calls for a 0.7% contraction, though still a decline nonetheless, a sign a stronger dollar and a softer global economy could hurt U.S. businesses with overseas exposure.
Elsewhere, technology stocks suffered after semiconductor maker Microchip Technology Incorporated (NASDAQ:MCHP) cut its sales outlook for the third quarter.
Leading Dow Jones Industrial Average performers included Coca-Cola Enterprises Inc (NYSE:CCE), up 1.39%, Procter & Gamble Company (NYSE:PG), up 1.23%, and Walt Disney Company (NYSE:DIS), up 0.67%.
The Dow Jones Industrial Average's worst performers included Intel Corporation (NASDAQ:INTC), down 5.04%, Microsoft Corporation (NASDAQ:MSFT), down 3.94%, and 3M Company (NYSE:MMM), down 3.46%.
European indices, meanwhile, ended the day lower.
After the close of European trade, the DJ Euro Stoxx 50 fell 1.53%, France's CAC 40 fell 1.64%, while Germany's DAX fell 2.40%. Meanwhile, in the U.K. the FTSE 100 fell 1.43%.