CNBC: Dow falls more than 400 points in 7th straight down day, S&P 500 pullback reaches 10%
U.S. stocks fell Monday following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.
The Dow Jones Industrial Average lost about 470 points, or 1.7%, falling for a seventh straight day. The S&P 500 dipped 1.8%. The benchmark is down more than 10% from its intraday high. The Nasdaq Composite declined 2.2%, falling deeper into correction territory.
The market action Monday followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates.
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Global Stock Markets Sell-Off And Cryptocurrencies Collapse Over War And Economic Fears
Nasdaq dives 3%, S&P 500 on course to confirm a correction -- Reuters
European stocks smashed in broad-based retreat -- Market Watch
Asia-Pacific stocks fall following last week’s route on Wall Street -- Financial Times
$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lows -- CNBC