Stocks fall broadly in afternoon trading on Wall Street

Stocks fell broadly in afternoon trading on Wall Street Monday, extending the market’s losses amid worries about inflation and the path ahead for the economy. The Associated Press is reporting.

The Dow Jones Industrial Average fell 527 points, or by 1.57%. S&P 500 and Nasdaq Composite dropped 1.77% and 2.13%, respectively. CNBC reported.

Some investors are questioning whether the market may have gotten ahead of itself in anticipating the Fed could become less aggressive raising interest rates amid a slowing economy. MarketWatch is reporting.

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