Stocks slump after the S&P 500 touches new lows

U.S. stocks were on pace for another week of sharp losses Friday after a vicious sell-off that sent the S&P 500 to lows not seen since 2020.

The bellwether index was flat at open, while the Dow Jones Industrial Average ticked down around 0.2%. The technology-focused Nasdaq Composite was off by 0.3%.

Investors will close out a brutal month and quarter on Friday. The S&P 500’s 2.1% drop on Thursday marked its 49th decline of 1% or more this year, marking the most downside volatility since…

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