Stocks closed broadly lower Wall Street and the Dow Jones Industrial Average became the last of the major U.S. indexes to fall into what’s known as a bear market. The S&P 500 fell 1% Monday. The Nasdaq also fell. The losses were broad and included banks, health care companies and energy stocks. The British pound slumped to an all-time low against the dollar and investors continued to dump British government bonds in displeasure over a sweeping tax cut plan announced in London last week. Treasury yields continued to rise as the Federal Reserve and other global central banks step up their fight against inflation.