The Dow has dropped more than 4,000 points since the beginning of 2022

Wall Street
(Image credit: ozgurdonmaz/iStock)

The stock market continued to plunge on Monday as inflation concerns and the prospect of more interest rate hikes drove up the value of U.S. Treasury notes, Reuters reports.

The Wall Street Journal described a "broad selloff" that left "investors with few places to shelter from the market's tumult." Tech, industry, energy, and even cryptocurrency were all caught in the downward spiral.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.