NEW YORK -- Stocks faced another broad selloff Friday as investors feared a slowdown in emerging markets and the Federal Reserve's move to scale back its easy-money policies.
The Dow Jones industrial average was down about 200 points in midday trading on Wall Street, following sharp drops in other major stock markets in Europe and Asia.
The Dow at one point fell 203.56 points, or 1.3%, to 15,993.79 -- below the psychological milestone of 16,000 the index burst through during an epic rally last year.
The broader Standard & Poor's 500 index was off 25 points, or 1.4%, to 1,803.46. The technology-focused Nasdaq composite index was down 65.07, or 1.5%, to 4,153.80.