Dow Drops Over 800 Points; S&P 500 Falls Into Bear-Market Territory

The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot inflation data and liked it even less.

Faced with rising chances of aggressive monetary tightening by the Federal Reserve, investors broadly unloaded risk. The S&P 500 slumped 3.9% as 495 of its 500 components ended the day lower. The declines left the US stock benchmark down more than 20% from its January record, sending it into a bear market for the first time since 2020.

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