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S&P 500 drops slightly

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S&P 500 drops slightly

On Thursday, the S&P 500 index fell to a certain extent, adding to its volatile movements in March.
The Dow Jones Industrial Average went down 60 points, while the S&P 500 tumbled 0.3%, going down
for the third consecutive day, as reported by CNBC. The Nasdaq Composite slipped 0.5% as Big Tech was
under risk again. Netflix shed 3%, while Amazon, Microsoft and Alphabet all dropped more than 1%.
On Thursday oil prices declined about 4% following new coronavirus pandemic lockdowns affected
sentiments. The S&P 500 energy sector dropped beyond 2%.
“As we make substantial further progress toward our goals, we’ll gradually roll back the amount of
Treasurys and mortgage-backed securities we’ve bought. We will very gradually over time and with
great transparency, when the economy has all but fully recovered, we will be pulling back the support
that we provided during emergency times,” Federal Reserve Chairman Jerome Powell told NPR’s
“Morning Edition”.
(Reference: CNBC)