The stock rout isn't over: Dow tumbles
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...