Stocks sold off on Friday afternoon with all three major stock indexes dropping more than 1 percent.

The Dow Jones industrial average was down 122.04 points, or 1.11 percent, at 10,868.54. The Standard & Poor's 500 Index was down 11.86 points, or 1.04 percent, at 1,128.79. The Nasdaq Composite Index was down 27.20 points, or 1.14 percent, at 2,353.23.

(Reporting by Angela Moon, Editing by Jan Paschal)