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Stocks post broad losses in early trading on Wall Street

NEW YORK (AP) — Stocks fell broadly in morning trading on Wall Street Monday, extending the market’s losses.

The S&P 500 fell 1.6% as of 10:16 a.m. Eastern and more than 90% of stocks in the benchmark index posted losses. It finished in the red last week, breaking a four-week winning streak.

The Dow Jones Industrial Average fell 438 points, or 1.3%, to 33,265 and the Nasdaq fell 1.9%.

Technology companies and retailers had some of the heaviest losses. Microsoft fell 2.3% and Target fell 2%.

AMC Entertainment plunged 35.3% after rival Cineworld said it was considering filing for Chapter 11 bankruptcy protection. The industry is still struggling to recover from the virus pandemic.

Bright spots in the market included Signify Health, which jumped 37.5% after The Wall Street Journal reported that Amazon would bid…

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