Dow, S&P 500 and Nasdaq all in "correction" territory as inflation and geopolitical tensions flare
CBSN
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
The S&P 500 slumped in morning trade to enter what the market considers a "correction" — a drop of 10% or more from its most recent high. The stock index is down nearly 11% from the high it set on January 4.
Extending a run of losses, the Dow fell more than 1,000 points Monday morning, or nearly 3%, to 33,256, and was down about 10% from its high on January 4.
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