Stocks fell broadly on Wall Street, extending the markets losses amid worries about inflation and the road ahead for the economy.
The S&P 500 shed 2.1% Monday, its biggest drop since mid-June. Some 95% of stocks in the benchmark index lost ground. It finished in debt the other day, breaking a four-week winning streak. The Dow Jones Industrial Average and the Nasdaq also fell.
Technology companies and retailers had a few of the heaviest losses. Investors want ahead to the weeks Federal Reserve conference.
The S&P 500 fell 90.49 points, or 2.1%, to 4,137.99.
The Dow Jones Industrial Average fell 643.13 points, or 1.9%, to 33,063.61.
The Nasdaq fell 323.64 points, or 2.5%, to 12,381.57.
The Russell 2000 index of smaller companies fell 41.60 points, or 2.1%, to at least one 1,915.74.
For the entire year:
The S&P 500 is down 628.19 points, or 13.2%.
The Dow is down 3,274.69 points, or 9%.
The Nasdaq is down 3,263.40 points, or 20.9%.
The Russell 2000 is down 329.57 points, or 14.7%.