U.S. stocks moved sharply lower on Friday as Turkey's economic woes sparked risk-off sentiment. 

Still, Matthew Cheslock, an equity trader with Virtu Finanical, based on the floor of the New York Stock Exchange, urged investors to keep Turkey's woes in perspective. He said Turkey's economy is worth $860 billion, less than Apple's (AAPL) $1 trillion market cap.

Plus, Dropbox (DBX) shares slumped amid the departure of its Chief Operating Officer, even though the company posted 27% year-over-year revenue growth for its most recent quarter. 

More from Video

Is Nvidia Still Tech's Most Explosive Stock? A Bull and Bear Debate

Is Nvidia Still Tech's Most Explosive Stock? A Bull and Bear Debate

Why One Strategist Is More Worried About the Strong Dollar Than Turkey's Economy

Why One Strategist Is More Worried About the Strong Dollar Than Turkey's Economy

Rewind: Jim Cramer on the Stock Market Rebound, Walmart, Amazon and JCPenney

Rewind: Jim Cramer on the Stock Market Rebound, Walmart, Amazon and JCPenney

Former U.S. Education Secretary: Voters Are to Blame for Struggling Schools

Former U.S. Education Secretary: Voters Are to Blame for Struggling Schools

Is The Pain Over for Gold Investors?

Is The Pain Over for Gold Investors?