Stocks sank on Monday, with technology stocks under renewed pressure as investors anticipated higher interest rates this year and looked ahead to several economic data and earnings reports later this week.
The S&P 500 dropped more than 2% at session lows to add to losses after the blue-chip index closed out its first week of trading for the new year in the red. The Nasdaq Composite fell following its worst week since February 2021. The Dow also fell. Other risk assets also came under…
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