Dow Jones Industrial Average Plunges 250 Points As Oil Prices Tumble, US Dollar Surges

U.S. stocks extended losses Friday, with Dow Jones Industrial Average plunging more than 250 points, as the U.S. dollar continued its surge while oil prices weakened, driving all Standard & Poor's 500 sectors lower. All three major indexes lost around 1 percent of their value in midday trading, erasing all gains for the year in the blue-chip Dow and S&P 500.