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Wall Street's losses worsen as markets tumble worldwide


AP
Nasdaq
Treasury
the Federal Reserve’s
COVID-19
BofA Global Research
Rivian Automotive
Mariupol


Savita Subramanian
Kospi
Yuri Kageyama
Veiga


Chinese
Asian
Russian
Ukrainian


Europe
Asia

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NEW YORK
China
Shanghai
U.S.
Japan
South Korea’s
France
Germany
London
Ukraine
Moscow
Russia
Los Angeles

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Positivity     39.00%   
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The New York Times
SOURCE: https://apnews.com/c8523aa65e034d3d58f83f23e3e46863
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Summary

NEW YORK (AP) — Stocks deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest close in more than a year. AP’s earlier story follows below.NEW YORK (AP) — Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates.The S&P 500 was 2.3% lower in afternoon trading after coming off its fifth straight losing week, its longest such streak in more than a decade. Not only did stocks fall across Europe and much of Asia, but so did everything from old-economy crude oil to new-economy bitcoin.The Dow Jones Industrial Average was down 374 points, or 1.1%, at 32,520, as of 3:16 p.m. Eastern time, and the Nasdaq composite was 3.4% lower as tech-oriented stocks again took the brunt of the sell-off. The Nasdaq composite’s loss of roughly 25% for 2022 so far is much sharper than that for other indexes.Electric automaker Rivian Automotive slumped 19.1% Monday as restrictions expire that prevented some big investors from selling their shares following its stock market debut six months ago.

As said here by STAN CHOE and ALEX VEIGA