Higher inflation and greater interest rate hikes have investors uncertain about the economic outlook.
Brendan McDermid | Reuters
Top gainers include homebuilding company KB Home and streaming service Spotify, which popped 4% and 4.3% in extended trading, respectively. The Dow Jones Industrial Average dropped about 450 points, or 1.3%. The S&P 500 declined 1.2%. The Nasdaq Composite dipped 1.3%.
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