Nasdaq Falls 2% as Tech Selloff Batters Indexes: Markets Wrap
- Stocks fall amid growing fears of persistently high inflation
- 10-year yield pares gains while dollar falls for third day
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U.S. stocks declined Monday as a selloff in technology stocks resumed on the threat of persistently high inflation.
The S&P 500 fell 1.3% -- dipping below its 100-day moving average -- while the Nasdaq 100 shed 2.2% and the Dow Jones Industrial Average slid 0.9%.