us stocks closed sharply lower on friday as higherthanexpected inflation data resulted in losses for the third quarter recent personal consumption expenditures pce price index data showed an increase of 03 for august after declining 01 in the previous month it was the third weekly drop in a row for the sp 500 and the dow jones shares of apple inc aapl and amazoncom inc amzn traded lower on friday the nasdaq 100 fell 173 to close at 1097122 on friday while the sp 500 declined 151 the dow jones dipped around 500 points to settle at 2872551 in the previous session majority of the sectors on the sp 500 closed on a lower note with information technology and consumer discretionary stocks recording the biggest plunge on friday real estate however was the worst performing sector in the previous session the chicago board options exchanges cboe volatility index vix rose 27 to 3269 points on friday the cboe volatility index popularly known as vix is a measure of the equity markets expectation of volatility based on sp 500 index call and put options