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The S&P 500 was on observe to open in bear market territory, whereas world shares tumbled and bond yields rose as fears about inflation rattled traders all over the world.
S&P 500 futures fell 2.2% on Monday. A drop of greater than 1.3% on the shut of buying and selling on Monday would push the index into bear market territory, outlined as a 20% loss from a current excessive. Contracts for the tech-focused Nasdaq-100, which entered bear market territory in March, fell 2.8%. Dow Jones Industrial Common futures fell 2%.
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