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The S&P 500 is on track for its worst January ever. Here’s why stocks are getting hit so hard

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Traders work on the floor of the New York Stock Exchange (NYSE) on February 5, 2018 in New York City.

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It’s a sea of red in the stock market on Monday, and there are several factors that are dragging stocks down in January.

The Dow Jones Industrial Average fell as much as 1,000 points on Monday. The S&P 500 is off by 2%, with only a handful of companies in the entire index trading in the green. The Dow and S&P 500 are now on pace for their worst month since March 2020, when the market fell into turmoil amid the pandemic.

The Nasdaq Composite is down 4.2% on Monday. The index is on pace for its worst start to the year since 2008.

And maybe most notably, the S&P 500, off 10% this…



Source cnbc.com

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