Dow drops 500 points to end worst quarter for stocks in 2 years; European stocks log first losing quarter in two years as Russia-Ukraine war rattles sentiment 
Stocks fell for the second straight session on Thursday as traders wrapped up a rocky first quarter for Wall Street. 
The Dow Jones Industrial Average slid 550.46 points, or 1.56%, to 34,678.35. The S&P 500 shed 1.57% to 4,530.41, and the Nasdaq Composite was down 1.54% to 14,220.52. Losses deepened in the final hour of trading, and stocks closed at session lows. 
Semiconductor and tech hardware stocks came under pressure Thursday amid analyst concerns over the PC market going forward. AMD shares slid more than 8% after analysts at Barclays downgraded the stock to equal weight from overweight. Meanwhile, HP Inc and Dell dropped 6.5% and 7.6%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley. 
Shares of Walgreens Boots Alliance dropped 5%, weighing on the Dow. The pharmacy chain beat estimates for its fiscal second quarter, though that was due in part to demand for pandemic-related products. 
On the data front, core PCE prices, a key inflation measure watched by the Fed, came in at 5.4% growth year over year for February. That was just below the expectations of 5.5%. European stocks log first losing quarter in two years as Russia-Ukraine war rattles sentiment. 

The pan-European Stoxx 600 closed lower by 0.7% on Thursday, but eked out a monthly gain of 0.8% for March. The European blue-chip index ended the first quarter of 2022 more than 6.3% lower, its worst three-month period in two years. 
Source: CNBC, Investing.com