Alva Review-Courier -

By STAN CHOE 

Bear market hits Wall Street as stocks, bonds, crypto dive

 


NEW YORK (AP) — Wall Street tumbled into what's called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below its record set early this year.

The index sank 3.9% in the first chance for investors to trade after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Average was briefly down more than 1,000 points before finishing with a loss of 876.

At the center of the sell-off again was the Federal Reserve, which is scrambling to get inflation under control....



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