Stocks slump again, putting S&P 500 back into red for year

Stocks slump again, putting S&P 500 back into red for year

U.S. stocks recovered some of their losses Friday following a steep slide in early trading, but the drop was enough to push the benchmark S&P 500 index back into the red for the year.

Despite the afternoon rebound, stocks were still on track to erase much of the market’s gains from a big rally the day before and to finish a week of unusually turbulent trading with hefty losses.

Longtime market favorites like Amazon and Alphabet, Google’s parent company, led the way lower after reporting weak results.

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