Stocks plummet as Fed, growth fears intensify

Stocks plummet as Fed, growth fears intensify

U.S. stocks slid Friday morning as fears of aggressive Federal Reserve policy had equity markets pace towards a big weekly loss and Treasury yields continue a perilous climb to fresh highs.

The benchmark S&P 500 tumbled 1.2% early into the session. The Dow Jones Industrial Average plunged more than 300 points, or 1.1%, falling below the 30,000 level for the first time since June. The technology-heavy Nasdaq Composite off by 1.2%.

Meanwhile, the 10-year U.S. Treasury note spiked above 3.7%,…


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