Major US indexes dropped today as markets digested a strong rally this week along with the latest weekly jobless claims data.
The Dow Jones lost 0.9%. The S&P 500 fell 1.1% while the Nasdaq Composite was down 1.2%.
Share prices of major US technology companies are also falling. Amazon shares traded 1.8% lower after hitting a record high earlier in the session. Netflix fell 3.7% while Alphabet and Apple both lost more than 0.7%.
Netflix (NFLX.US) shares fell over 3% during today's trading session. The stock has traded at $458.76 at its highest and $427.49 at its lowest during the past seven days. Should a breakout below lower limit of the range occur, then next support at $412.18 per share may come into play. Source: xStation5
