Dow Jones Industrial Average Plunges 367 Points

The Dow Jones Industrial Average (DJIA) took a second straight triple-digit drubbing to end the week. The blue-chip index dropped over 300 points on quadruple witching Friday, as oil futures moved lower yet again after a report revealed an increase in domestic rig counts. Aside from that, investors were left to consider the ramifications of Wednesday's rate hike ahead of a holiday-shortened week. 

Continue reading for more on today's market, including:

• 3 stocks that show how Jim Chanos is at odds with Wall Street. 
• While one biotech gained from a rival's drug delay, two sector peers stumbled amid executive turnover. 
• Goldman Sachs admitted "we were wrong" about one Dow tech giant. 
• Plus ... Shkreli gets replaced, Bernie Sanders fires back, and BlackBerry impresses. 
  

The Dow Jones Industrial Average (DJIA - 17,128.45) got buried in the last session of the week, dropping 367.4 points, or 2.1%. Nearly every Dow component closed in the red, save Caterpillar Inc.'s (NYSE:CAT) 0.3% gain. The biggest loser was Boeing Co (NYSE:BA), which gave back 4.1%. On a weekly basis, the Dow fell 0.8%. 

The S&P 500 Index (SPX - 2,005.52) closed 36.4 points, or 1.8%, lower. The Nasdaq Composite (COMP - 4,923.08) slid 79.5 points, or 1.6%. The SPX lost 0.3% for the week, while the COMP fell 0.2%. 

The CBOE Volatility Index (VIX - 20.70) added 1.8 points, or 9.3%, for its third close above 20 this week. The VIX still dropped 15.1% on the week, however. 

5 Items on Our Radar Today:

1. Turing Pharmaceuticals has chosen current board chair Ron Tilles to replace Martin Shkreli as interim CEO of the firm. Shkreli was arrested Thursday on charges of securities fraud, but posted a $5 million bail. (Reuters via CNBC)

2. Democratic presidential candidate Bernie Sanders' campaign is threatening to take the Democratic National Committee (DNC) to court if it doesn't allow them access to a voter database. The DNC suspended Sanders' campaign from accessing the database, after it was discovered members of its staff accessed information belonging to rival Hillary Clinton. (USA Today)

3. This big-name retailer announced another ploy to attract last-minute holiday shoppers. 

4. Option bears have jumped on this commodity stock at a near-record pace. 

5. BlackBerry Ltd (NASDAQ:BBRY) exploded following standout quarterly figures. 

Data courtesy of Trade-Alert

Commodities:

Oil prices slid today, as news that domestic rig counts increased for the first time in over a month revived oversupply concerns. January-dated crude, which expires on Monday, lost 22 cents, or 0.6%, to settle at $34.73 per barrel. For the week, oil ended down 2.5%. 

After falling in the wake of the Fed's rate hike, gold settled higher today. February gold futures added $15.40, or 1.5%, to close at $1,065 an ounce. Gold closed the week 1% lower.