Dow tumbles 300 points, S&P 500 skids 1.3% as investors eye Fed response to strong U.S economic data

U.S. stocks fell Monday to kick off a fresh week, with the S&P 500 and Nasdaq both down more than 1.2% heading into midday. The Dow Jones Industrial Average
DJIA,
-1.10%

was down about 299 point, or 0.9%, trading near 34,134, while the S&P 500 index
SPX,
-1.42%

was off 1.2% and the Nasdaq Composite Index
COMP,
-1.50%

was 1.4% lower, according to FactSet. Stocks were lower on fears that the Federal Reserve…

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