The benchmark index fell 2.1%, its sharpest daily decline since June 16. The tech-heavy Nasdaq composite dropped 2.5%, nearly erasing its gains for August
A woman walks near to The New York Stock Exchange, on July 12, 2022 in New York. Wall Street is back to falling amid recession, the S&P 500 closed 1.2% lower while tech stocks pushed the Nasdaq down 2.3%.
Image: John Smith/VIEWpress via Getty Images
Stocks on Wall Street slid Monday, with the S&P 500 dropping by the most it has in more than two months, as a speech this week by Federal Reserve Chair Jerome Powell loomed over investors who are focused on the path for interest rates in the months ahead.
The benchmark index fell 2.1%, its sharpest daily decline since June 16. The tech-heavy Nasdaq composite dropped 2.5%, nearly erasing its gains for August.
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