How major US stock indexes fared Monday
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The Associated Press
Wall Street closed higher Monday, but still logged its worst monthly loss since the early days of the pandemic. The market closed a tumultuous January wracked by worries that imminent interest-rate hikes will make everything in markets more challenging. The S&P 500 is down 5.9% since setting a record exactly four weeks ago. It lost 5.3% this month, the worst since falling 12.5% in March 2020, when it hit bottom after the pandemic shut down the global economy.Â