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Stock Market ‘Panic Is Setting In’ As S&P 500 Briefly Enters Correction Territory Then Rebounds

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The benchmark index was at one point down more than 10% from its record highs.
The stock market plunged earlier today—with the S&P 500 briefly falling into correction territory—before rebounding in volatile trading as investors worry about rising interest rates and await a key policy meeting from the Federal Reserve later this week. Shares of big tech companies, which have remained under pressure in recent weeks, were mixed on Monday. Shares of Netflix were down another 2.6%, after plunging more than 20% last Friday on the back of disappointing quarterly earnings. Other big names including Tesla and Apple, which both report earnings this week, each fell around 1.

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