U.S. equity markets experienced a steep selloff on Friday after Boston Federal Reserve President Eric Rosengren said a "reasonable case" could be made for raising interest rates in September. According to preliminary calculations at the closing bell, the Dow Jones Industrial Average plunged 394 points, or 2.13% to 18085. The S&P 500 dropped 53 points, or 2.45% to 2127. While the Nasdaq Composite shed 133 points, or 2.54% to 5125.
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