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March 15, 2022
By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
Stocks lost more ground, crude oil prices fell and bond yields rose sharply Monday as anxiety over the war in Ukraine and an upcoming Federal Reserve meeting on interest rates keep global financial markets on edge.
The S&P 500 gave up an early gain and closed 0.7% lower after another choppy day of trading on Wall Street. The Dow Jones Industrial Average closed essentially flat and the Nasdaq composite fell 2%. The pullback came as the yield on the 10-year Treasury touched its highest level since the summer of 2019.
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