Panic-like selling emerges Monday as stock market tumbles and Dow skids over 1,000 points

Panic-like behavior was starting to set in on Wall Street, at least from a technical perspective.

Trading in New York Stock Exchange-listed stocks at midday Monday exhibited panic-like-selling action as investors endured a selloff that was gathering steam to start the week, adding to a bruising month for bullish investors, sparked by concerns about monetary policy, lofty stock valuations and inflation.

The NYSE Arms Index, a volume-weighted breadth…

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