US stock market: More than five quarter-point Federal Reserve interest rate hikes expected in 2022

U.S. stocks fell late in the Monday session amid renewed declines in big tech names. Benchmark Treasury yields were little changed as investors assessed the outlook for monetary policy ahead of key inflation data later this week. The S&P 500 declined, falling from session highs in the last hour of trading. The tech-heavy Nasdaq 100 ended near the day’s low, led lower by declines in Meta Platforms Inc., Microsoft Corp...
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