US STOCKS-Stocks extend sell-off as Fed, geopolitical fears loom
Yahoo! Finance
Wall Street plunged in a broad-based sell-off on Monday, and the S&P 500 came within a hair's breadth of a correction as investors faced an increasingly hawkish Federal Reserve, growing geopolitical tension and persistent headwinds from the pandemic. The major U.S. stock indexes pared their losses in mid-afternoon trading with the S&P 500 hovering around a 10% drop from its record closing high on Jan 3, a move that would confirm the index is in correction. This came on the heels last week of t...
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