NEW YORK, April 21 (Xinhua) -- U.S. stocks dropped on Thursday after Federal Reserve Chair Jerome Powell said the central bank needs to take more aggressive action to fight high inflation.
The Dow Jones Industrial Average decreased 368.03 points, or 1.05 percent, to 34,792.76. The S&P 500 was down 65.79 points, or 1.48 percent, to 4,393.66. The Nasdaq Composite Index shed 278.42 points, or 2.07 percent, to 13,174.65.
