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Goldman, 3M's stock exact 80-point toll as Dow tumbles 300 points in afternoon trade

The Dow Jones Industrial Average grew to become sharply lower on Friday, adding to its rout on Thursday, as stocks of Goldman Sachs Group Inc. GS, -2.91% and 3M Co. MMM, -3.50% picked up momentum. Those Dow DJIA, -1.77% components were contributing nearly 90 points to the price-weighted gauge's tumble. The average used to be maximum not too long ago off 300 points, or 1.3%, at 23,662, with promoting intensifying with less than an hour remaining in common trade. The S&P 500 index SPX, -2.10% used to be down 1.6% at 2,602, while the Nasdaq Composite Index COMP, -2.43% gave up 1.8% at 7,043, to fall beneath firmly beneath its 100-day moving average around 7,082, a bearish sign for the technology-laden fairness gauge. Wall Street traders have been fretting over the opportunity of a trade battle between China and the U.S.