Stocks fell again on Monday, following four straight weeks of declines, as investors grew concerned that the soaring energy prices driven by Russia's war with Ukraine could potentially lead to even higher inflation and greater global economic damage. The Dow Jones Industrial Average has fallen over 800 points, while the S&P 500 Index and Nasdaq Composite dropped 2.9% and 3.6%, respectively.
Here's how the market settled to start the week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Amazon acquires Veeqo, a start-up that helps sellers manage their online businesses:
Amazon
"We're excited Veeqo has joined Amazon," a spokesperson told CNBC. "We plan to continue investing in new features and improvements to elp Veeqo serve sellers globally from its home in Wales, facilitate growth for sellers' multi-channel businesses, and enhance the experience of their customers."
Bed Bath & Beyond shares jump after GameStop chair reveals large stake:
Bed Bath & Beyond
Cohen, who co-founded online pet retailer Chewy
In response to the letter, which the company said it had received on Sunday, Bed Bath & Beyond said it has had no prior contact with RC Ventures. "We will carefully review their letter and hope to engage constructively around the ideas they have put forth," the company said in a statement.
Here's how market benchmarks started trading soon after open:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index