S&P 500 is one of the biggest and probably most followed indices in the world. It is usually also a part of investing portfolio of all long-term investors.
Markets on Monday were mostly in the red except the US dollar, which benefited from today's data. Stocks and commodities are hurt by OPEC+ and inflation.
The Fed increased interest rates by 75 basis points, as expected, and suggested that the pace of future rate rises may slow down, sending stocks sharply lower.