NEW YORK (AP) — Wall Street is back to falling on Monday, ahead of a busy week with updates scheduled for how bad inflation is and how corporate profits are handling it. The S&P 500 closed 1.2% lower, while drops in tech stocks pushed the Nasdaq down 2.3%. The Dow lost 0.5%. Wynn Resorts and Las Vegas Sands slumped after COVID infections forced the shutdown of casinos in Macao. Twitter fell even more after billionaire Elon Musk said he wants out of his deal to buy the social media platform. In the bond market, a warning signal of recession continued to flash.
Stocks slump on Wall Street amid recession, rate worries
