Dow drops 300 points as Wall Street finishes its third negative week

US stocks closed out the trading week on a down note on Friday, marking Wall Street's third consecutive negative week as roughly half the gains from the summer's market rally dissipate.

At the closing bell, the Industrial Average was down 337.98 points, or 1.1 percent, to 31,318.44 after losing 3 percent for the week.

The S&P 500 dropped 1.1 percent on the day and 3.3 percent for the week, while the Nasdaq Composite finished its sixth consecutive session in the red, losing 1.3 percent for the day and 4.2 percent for the week.

Load More