Stocks sold off Monday, pushing the S&P 500 to a fresh 2022 low and back into bear market territory, as recession fears grew ahead of a key Federal Reserve meeting this week.
The Dow Jones Industrial Average dropped 810 points, or about 2.6 percent, the S&P 500 fell 3.5 percent and the Nasdaq Composite tumbled 4.35 percent.
The moves came as investor continued to digest a hotter-than-expected inflation report on Friday and braced for the Fed to raise rates later in the week as the 10-year Treasury yield saw its largest jump since March 2020.
