Sharp drops hit Wall Street as technology stocks sank even more and bitcoin's price plunged again to roughly half its record set in the fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market on Thursday.
The S&P 500 fell 1.2% for its sixth loss in the seven days since it set an all-time high. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite sank 1.6%.
Bitcoin fell below $64,000, while gold and silver prices resumed their sharp slides. Stock indexes also fell across much of Europe and Asia.
On Thursday:
The S&P 500 fell 84.32 points, or 1.2%, to 6,798.40.
The Dow Jones Industrial Average fell 592.58 points, or 1.2%, to 48,908.72.
The Nasdaq composite fell 363.99 points, or 1.6%, to 22,540.59.
The Russell 2000 index of smaller companies fell 46.90 points, or 1.8%, to 2,577.65.
