Continuing a losing streak, stocks fell in morning trading on Wall Street Monday. The market has been falling for six weeks in a row.

The S&P 500 slipped 0.51% to 4,002.92 as of 10:46 a.m. Eastern Time Zone. The Dow Jones Industrial Average fell 121.17 points or 0.38% to 32,075. The Nasdaq fell 119.85 or 0.99% to 11,689.41

Technology stock led much of the decline. Apple slipped 0,5% and Microsoft fell 1%. The sector has been a particularly heavyweight on the broader market as investors worry about high inflation and rising interest rates.

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Retailers also fell sharply. Amazon fell 1% and Starbucks lost 1.9%.

Bond yields declined and weighed down bank stocks, which depend on higher yields to charge more lucrative interest on loans. The yield on the 10-year Treasury fell to 2.88% from 2.94% late Friday. Bank of America slipped 1.3%.

Spirit Airlines surged 11.8% after JetBlue said it would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bids.

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Defence contractor ManTech rose 14.8% after investment firm Carlyle Group said it will buy the defence contractor.

The broader market is in the middle of a slump as investors try to predict how companies and consumers are dealing with higher prices and whether central banks can help ease the problem.

The Federal Reserve is in the process of pulling its benchmark short-term interest rate off its record low near zero, where it spent most of the pandemic. It may continue increasing rates by double the usual amount at upcoming meetings. Investors are worried that the central bank could lead to recession if it raises rates too high or too quickly.

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Continuous supply chain issues continue to feed inflation, and China’s recent COVID-19 shutdowns have raised concerns that they may worsen. The Russia-Ukraine war has made already high energy prices even more volatile, which could also draw out soaring inflation.

Oil prices were relatively stable as US crude oil prices are up more than 50% for the year. Natural gas prices rose 5% and have almost doubled in 2022.

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Wall Street is closely reviewing how consumers react to pressure from inflation and will get several updates from the US government and key retailers this week. The Commerce Department on Tuesday will release its retail sales report for April.

Walmart and Home Depot will release their latest financial results on Tuesday and Target will report its results on Wednesday.