 "NYSE")
Megacap growth names and financial stocks dragged Wall Street's main indexes more than 1% lower on Monday, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about spiraling inflation.
Nine of the 11 major S&P sectors declined, with financial , communication services and consumer discretionary sliding over 2% each.
Bank of America slumped 5.5%, dragging the S&P 500 banks index down 3.4%. Payment service providers Visa , American Express Mastercard lost nearly 4% after they suspended operations in Russia.
Microsoft Corp, Amazon.com Inc and Nvidia Corp fell between
Nine of the 11 major S&P sectors declined, with financial , communication services and consumer discretionary sliding over 2% each.
Bank of America slumped 5.5%, dragging the S&P 500 banks index down 3.4%. Payment service providers Visa , American Express Mastercard lost nearly 4% after they suspended operations in Russia.
Microsoft Corp, Amazon.com Inc and Nvidia Corp fell between
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
