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Dow drops more than 500 points on Fed worries
Stocks fell Friday, with the Dow Jones Industrial Average posting its biggest weekly decline since October on worries the Federal Reserve might begin lifting rates sooner than previously expected. The Dow fell around 532 points, or 1.6%, to close near 33,291, according to preliminary figures. The blue-chip gauge fell 3.5% for the week, its biggest since a drop of more than 6% in the week ending Oct. 30, according to FactSet. The S&P 500 fell around 55 points, or 1.3%, to close near 4,166, while