(220225) -- FRANKFURT, Feb. 25, 2022 (Xinhua) -- Photo taken on Feb. 24, 2022 shows the Bull and Bear sculptures outside the Frankfurt Stock Exchange in Frankfurt, Germany. The German DAX Index opened lower on Thursday after Russia launched military operations in Donbass. (Xinhua/Lu Yang) (Photo by Xinhua/Sipa USA)
GERMANY-FRANKFURT-STOCKS-DOWN
NEW YORK (AP) — Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings have become commonplace and Monday was no exception, with the S&P 500 falling 3.9%. It’s 21.8% below its record set early this year and so now is in a bear market. The Dow industrials sank 2.8% and the tech-heavy Nasdaq composite tumbled 4.7%.
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