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US Stocks Fall in Friday's Early Trading

U.S. stock market indexes dropped sharply as Friday's trading got underway.

The Dow Jones Industrial Average was off 1.3 percent, the S & P 500 lost 1.7 percent, while the NASDAQ fell 2.1 percent.

European stock markets were higher in afternoon trading. London's Financial Times 100 index gained 2.5 percent, the CAC-40 in Paris rose 1.7 percent, while the DAX in Frankfurt jumped 2.8 percent.

In Asia, Tokyo's Nikkei index advanced 2.7 percent (224 points) to end at 8,462. In Hong Kong, the Hang Seng moved up 2.4 percent (321 points) to finish at 13,543.

The price of gold rose more than $9 to trade at $745.71 an ounce.

The dollar was down against the yen but gained compared to the euro.