How Major US Stock Indexes Fared Monday Aug. 29, 2022

How Major US Stock Indexes Fared Monday Aug. 29, 2022
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The Associated Press
Updated:

Stocks closed lower on Wall Street, adding to their recent losses as traders realized how determined the Federal Reserve is to keep interest rates high to fight inflation.

The S&P 500 gave back almost 1 percent Monday. Technology companies were the biggest drag on the index. The Nasdaq and the Dow Jones Industrial Average also fell. European markets were also lower and Asian markets closed lower overnight. Treasury yields were higher.