U.S. stock market plunged Wednesday morning, continuing a period of volatility that has seen sudden drops and spikes in recent weeks.

The Dow Jones Industrial Average opened down 350 points, or 1.2 percent, while the S&P 500 fell 50 points, or 1.5 percent.

The tech-heavy Nasdaq composite fell 200 points, or 1.9 percent, as tech stocks retreated.

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The drop comes despite news that typically would boost markets. The Federal Reserve on Wednesday signaled that it would keep interest rates depressed through 2023.

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Initial unemployment claims on Thursday showed a drop in claims, a move in the right direction in a time of continued tough economic conditions.

Meanwhile, Speaker Nancy PelosiNancy PelosiPowell warns failure to reach COVID-19 deal could ‘scar and damage’ economy Overnight Defense: House to vote on military justice bill spurred by Vanessa Guillén death | Biden courts veterans after Trump’s military controversies Intelligence chief says Congress will get some in-person election security briefings MORE (D-Calif.) said she would keep Congress in session to work out a stimulus deal economists say will be key to keeping the economic recovery going in the right direction. Republicans and Democrats remain miles apart in their positions, however, even as President TrumpDonald John TrumpBarr criticizes DOJ in speech declaring all agency power ‘is invested in the attorney general’ Military leaders asked about using heat ray on protesters outside White House: report Powell warns failure to reach COVID-19 deal could ‘scar and damage’ economy MORE urged Congress to pass a large bill, pushing Republicans closer to the Democratic position.