The stock market posted its biggest drop since October Wednesday, led by declines in several Big Tech companies. The S&P 500 gave up 2.6%. The selling was broad, though technology giants including Facebook, Netflix and Google’s parent company accounted for a big part of the pullback. The Federal Reserve stressed its commitment to keep interest rates low.
The S&P 500 fell 98.85 points, or 2.6%, to 3,750.77.
The Dow Jones Industrial Average fell 633.87 points, or 2%, to 30,303.17.