* Nasdaq leads the decline
* Twitter falls as short seller Hindenburg jeopardizing Musk's contract
* Indicators: 2% down, S&P 500 down 3.2%, Nasdaq down 4.3% (Updates close with details)
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The S&P 500 fell below 4,000 for the first time since March 2021 and Nasdaq dropped more than 4% on Monday in a mega-cap growth shareoff as investors grow older and become more concerned with rising interest rates. prices.
Nasdaq has closed at its lowest level since November 2020. Apple shares have fallen 3.3% and have become heavier than Nasdaq and the S&P 500.
Investors are worried about how aggressive the Federal Reserve will need to be in order to control inflation. U.S. Central Bank last week raised interest rates by 50 points.
Benchmark 10-year U.S. Treasury Treasurer reached the highest levels since November 2018 at the beginning of the session.
"Markets are marking the beginning of a return to normal monetary policy," said Kristina Hooper, chief marketing officer at Invesco global market in New York.
"The downturn (in prices) raises the view of the economic downturn, especially with all these problems - high inflation, the Russian invasion of Ukraine, the disruption of COVID-related goods supply," he said.
Investors are also concerned about the economic downturn in China following the recent increase in cases of coronavirus.
The Dow Jones Industrial Average dropped by 653.67 points, or 1.99%, to 32,245.7, the S&P 500 lost 132.1 points, or 3.20%, to 3,991.24 points and the Nasdaq Composite fell by points. 521.41, or 619%, or 4.2.
Among the factors most affected by the recent selloff have been technology and stock growth, whose valuation is highly dependent on future cash flows.
The energy sector fell by 8.3% as oil prices fell.
Shares of Twitter Inc fell more than 3% as Hindenburg Research took a short-term position in the stock market company, claiming the company's $ 44 billion deal to sell itself to Elon Musk has a high risk of a downturn.
