The Dow fell 653 points, S&P returned below 4K for the first time since 2021

U.S. stocks fell sharply on Monday, pushing the S&P 500 below a key 4,000 level as investors prepare for another week of volatility amid a new inflation report, as well as closing the earnings season in the first quarter.

Ticker Security Last To change Change%
Me: DJI DOW JONES ‘AVERAGE 32245.7 -653.67 -1.99%
SP500 S&P 500 3991.24 -132.10 -3.20%
I: COMP NASDAQ COMPOSITE INDEX 11623.2484 -521.41 -4.29%

The Dow Jones Industrial Average fell over 600 points or 2%, while the Nasdaq Composite fell 4% and S&P fell to levels not seen since April 2021.

Big-cap technology has contributed to most of sales, with Apple and AMD among the biggest losers.

ADVANTAGES OF TYSON FOODS HOW THE PRICES OF BEEF WERE BEATED, chicken, pork

Ticker Security Last To change Change%
AAPL APPLE INC. 152.44 -4.84 -3.08%
AMD ADVANCED MICRO DEEVICES INC. 86.36 -8.98 -9.42%

The yield of the 10-year treasury remained above 3%. Currently, 436 companies in the S&P 500, or nearly 90% of the benchmark index, have released results from January to March, and so far the numbers are well ahead of forecasts.

In earnings, Tyson Foods cut sales as higher prices of beef, chicken and pork helped boost sales at the meat processor.

Ticker Security Last To change Change%
TSN TYSON FOODS INC. 92.84 +2.02 + 2.22%

Rivian shares fell after Ford cut its stake in the electric vehicle maker by 8%.

Ticker Security Last To change Change%
RIVN RIVIAN AUTOMOTIVE INC. 22.78 -6.01 -20.88%
F FORD MOTOR CO. 13.37 -0.84 -5.91%

Uber shares lost ground after FOX confirmed to FOX Business that it would cut hiring and focus on cost control.

Ticker Security Last To change Change%
UBER UBER TECHNOLOGIES INC. 23.05 -3.02 -11.58%

Richard Branson’s Virgin Galactic fell after Truist Securities analyst Michale Ciarmoli lowered its target price from $ 24 to $ 8 per share after the space company delayed commercial travel plans until 2023.

Ticker Security Last To change Change%
SPCE VIRGIN GALACTIC HOLDINGS INC. 6.07 -0.73 -10.74%

DISTURBED SHARES MAY NOT BE FAVORABLE FOR INVESTORS TO PREPARE INFLATION DATA

Oil slipped, along with gold, with U.S. oil hovering at $ 103 a barrel and yellow metal at $ 1,857 an ounce.

CHINA REMAINS THE BEST IN THE WORLD’S BEST INFLATION

Ticker Security Last To change Change%
USE UNITED STATES OIL FUND LP 76.57 -5.56 -6.77%
GLD SPDR GOLD SHARES TRUST – EUR ACC 172.89 -2.59 -1.48%

As oil has fallen, so have major oil companies, including Marathon, ExxonMobil and Chevron, as worries about the blockade in China threaten demand.

Ticker Security Last To change Change%
MRO MARATHON OIL CORP. 24.22 -3.93 -13.96%
CVX CHEVRON CORP. 159.25 -11.44 -6.70%
XOM EXXON MOBIL CORP. 84.49 -7.23 -7.88%

Gas prices, at AAA, returned above $ 4.30 a gallon.

Bitcoin also fell to $ 31,000.

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The Associated Press contributed to this report.

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