Wall Street’s main indexes opened sharply lower on Monday amid a broader risk-off sentiment that also saw cryptocurrencies take a beating, while the benchmark S&P 500 fell into a bear market intraday as a higher-than-expected inflation print last week raised bets the Fed would tighten faster and further to quell price pressures.
Shortly after opening bell at 9:37 a.m. on June 13, the Dow Jones Industrial Average fell 563.56 points, or 1.80 percent, to 30,829.23; the Nasdaq Composite lost 284.93 points, or 2.51 percent, to 11,055.10; while the S&P 500 shed 87.03 points, or 2.23 percent, to 3,813.83.
