Stock Market News Today: Dow Drops 300 Points; Arm, Disney Stocks in Focus

Brent crude futures on track for highest close since NovemberA slump in technology companies weighed on the broader market Friday, chipping away at major indexes’ gains for the week.more than expected this month, and looking ahead to the Fed's policy decision next week.improved in China last month and unemployment declined further.

The Chinese central bank cut a short-term lending rate in another move to support the country’s recovery.Losses accelerated in afternoon trading. The Nasdaq Composite led indexes lower with a 1.6% decline, while the S&P 500 fell 1.2%. The Dow industrials were down 0.9%, or around 300 points.The chip designer's shares were roughly flat after its volatile stock-market debut.

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