The Dow dropped more than 350 points, or 1.1%, in the late morning. The S&P 500, a broader gauge of the US stock market, was down 1.4%. The Nasdaq Composite fell the most with a 2.1% decline. Pedestrians are shown here passing the New York Stock Exchange, Monday, Oct. 4, 2021, in the Manhattan borough of New York.
Mandatory Credit:	John Minchillo/AP

The Dow dropped more than 350 points, or 1.1%, in the late morning. The S&P 500, a broader gauge of the US stock market, was down 1.4%. The Nasdaq Composite fell the most with a 2.1% decline. Pedestrians are shown here passing the New York Stock Exchange, Monday, Oct. 4, 2021, in the Manhattan borough of New York.
Mandatory Credit: John Minchillo/AP

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