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Stocks fell on Monday as government bond yields surged—with the 10-year Treasury jumping above 2.7%, its highest level since January 2019—amid ongoing fears about inflation, with investors dumping riskier assets as they brace for more aggressive rate hikes from the Federal Reserve.

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Stocks took a hit Monday, adding to last week’s losses: The Dow Jones Industrial Average fell 1.2%, over 400 points, while the S&P 500 lost 1.7% and the tech-heavy Nasdaq Composite 2.2%.

Government bond yields spiked higher amid growing alarm about surging inflation: The 10-year Treasury note jumped above 2.78% on Monday, its highest level since January 2019.

The downward movement could continue this week as the latest Consumer Price Index from the Bureau of Labor Statistics, which will be released on Tuesday, is expected to show a staggering 8.4% increase in prices from last year.

Investors continued to rotate out of riskier assets including growth and technology stocks, portions of the market which experts think will be most impacted by rising rates.

Oil prices, which remain volatile amid Russia’s ongoing invasion of Ukraine, fell again on Monday and now sit at around $95 per barrel: Shares of major energy companies like Occidental Petroleum and Diamondback Energy subsequently both lost more than 4%.