Dow Jones

  New York (CNN Business) Wall Street was deep   in the red again   Monday as investors feared the Federal Reserve's plans to hike interest rates will eat into corporate profits. The tensions in Ukraine, earnings season and — of course —   inflation   weren't helping, either. It's shaping up to be the worst day for the market  since October 2020  when rising Covid infections, the impending election and questions over additional government stimulus weighed on stocks. The  Dow   ( INDU )  fell more than 1,000 points at its weakest. As of the early afternoon it was trading down some 800 points, or 2.4%. The  S&P 500   ( SPX ) , the broadest measure of the US equity market, fell 2.9% and is on track to end the day in correction territory — a 10% drop from its most recent peak. Last week, the index logged its worst week since March 2020. The  Nasdaq Composite   ( COMP ) , which  entered correction territory las...