WALL Road had a tough begin to the week on Monday, as shares fell sharply by the day.
The drop got here as traders anticipated inflation-fighting measures from the Federal Reserve and fretted over the potential of battle between Russia and Ukraine.
The inventory market prolonged its three-week decline and put the benchmark S&P 500 on monitor for a so-called correction - a drop of 10 % or extra from its most up-to-date excessive.
By early afternoon the promoting misplaced a few of its momentum. As of two:20pm ET, the Dow Jones was down 598 factors after falling greater than 1,000 factors earlier.
The S&P 500 fell 2 % and is now down about 10.1 % from the closing excessive it set on January 3. The Nasdaq fell 1.8 % after having been down 4.9 % within the early going.
Learn our inventory market 'crash' dwell weblog for the most recent information and updates...
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