An overnight rebound in equities evaporated and investors were wondering how deep the selloff in equities will get.
U.S. stock indexes resumed their decline after a seven-hour bounce. Concern keeps swirling over encroaching inflation and surging bond yields that last week sent major benchmarks to their worst week in two years. The S&P 500 Index fell 0.8 percent as of 9:48 a.m. in New York. The Nasdaq 100 Index slipped 0.7 percent and Dow Jones Industrial Average slid 1 percent.
