Stocks fell sharply after reports signaled concerns that President Trump's policies could be impacting the U.S. economy.

U.S. stocks are falling sharply Friday after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 was down 1.7% in late trading and heading toward its worst day in two months.

The selloff came as more than $2.7 trillion worth of options expired, an event which typically spurs heightened volatility.