Stock markets fell into bear territory on Monday, continuing a sell-off that began last week on news that inflation had reached a new 40-year high of 8.6 percent. The Dow Jones Industrial Average of major U.S. stocks dropped nearly 600 points, or 1.8 percent, in the first 30 minutes of trading on Monday. The S&P 500 index fell more than 2.5 percent to hit 3,800, its lowest point since early 2021. Friday’s new high-water mark in the Consumer Price Index (CPI) was a major blow to investor confidence, indicating that prices, which have risen as most pandemic-related restrictions have been lifted, have yet to hit a ceiling and could continue to rise. Sentiment on Wall Street and in t
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