US stocks tumble to close record lows as Federal Reserve hits bottom
Markets closed at the low end of their three-day moving average on Monday as the Federal Reserve hit bottom and the world’s second-biggest economy began to show signs of slowing down.The benchmark S&P 500 fell 2.2 percent, its worst performance since mid-November, while the Dow Jones industrial average fell 2 percent.The Nasdaq composite dropped 3.4