Dow falls 500 points, briefly falling below 30,000 amid concern about GameStop trading frenzy

U.S. stocks fell sharply on Friday as heightened speculative trading by retail investors continued to unnerve the market.

The Dow Jones Industrial average lost 510 points, or 1.6%, after falling below the 30,000 mark at its session low. The 30-stock benchmark is on track to post its worst day since October. The S&P 500 fell 1.6% as all 11 sectors traded in the red. The Nasdaq Composite slid 1.8% as Apple dropped 3.4% and other major tech names slipped.