S&P 500 Opens in Bear-Market Territory as Stocks Fall 2%

This post was originally published on this site

The S&P 500 started the week in bear market territory, while global stocks tumbled and bond yields jumped as fears over inflation rattled investors around the world.

The S&P fell 2.6% in early trading Monday. If the loss holds to the market’s close, the broad index would fall into a bear market for the first time since 2020. A bear market is defined as a 20% loss from a recent high.