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Benzinga
Benzinga
Business
Wayne Duggan

Stock Bloodbath Continues, Pushing S&P 500 Into Bear Market Ahead Of Critical Fed Meeting

United States Inflation US Federal Reserve Bitcoin NYSE

The S&P 500 officially dropped into bear market territory Monday as global financial markets continue to decline following the latest round of U.S. inflation data.

The SPDR S&P 500 ETF Trust (NYSE:SPY) was trading lower by 2.7% on Monday, the SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) dropped 2% and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) dropped 3.5%.

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