Enlarge this imageTraders work on the floor of the New York Stock Exchange in New York City on Friday. Stocks slumped again on Monday as fears about inflation are proving hard to tamp down.Spencer Platt/Getty Imageshide captiontoggle captionSpencer Platt/Getty ImagesTraders work on the floor of the New York Stock Exchange in New York City on Friday. Stocks slumped again on Monday as fears about inflation are proving hard to tamp down.Spencer Platt/Getty ImagesA sell-off on Wall Street keeps getting worse. Stocks slumped for a third consecutive day as anxiety continues Deion Sanders Jersey to build about inflation and whether the Federal Reserve can bring prices down without sparking a rece sion.The declines come before the Labor Department is set to report consumer prices data for April, which are expected to show price gains slowing somewhat, but not enough to meaningfully bring down inflation from 40-year highs.Busine s Here are 3 reasons why stocks are tanking Those inflation fears are coming at a time of deep uncertainty in markets, as investors a se s the economic fallout from Ru sia’s continued war in Ukraine. Wall Street is also concerned about the COVID-related lockdowns in China, whichare raising new fears about global supply chains.”Seismic activity in the stock market continues to intensify as all sizes and styles sink deeper into the red,” saidSam Stovall, the Dansby Swanson Jersey chief investment strategist at CFRA. On Monday, the Dow Jones Industrial Average slumped more than 600 points, or nearly 2%. The tech-heavy Nasdaq fell by 4.3%, while the S&P 500 fell more than 3% to its lowest levels in a year. Enlarge this imageGas prices are displayed at a station in Burbank, Calif., on April 27. Gas prices have surged along with other consumer goods, hurting pocketbooks acro s the country.Mario Tama/Getty Imageshide captiontoggle captionMario Tama/Getty ImagesGas prices are displayed at a station in Burbank, Calif Jose Ramirez Jersey ., on April 27. Gas prices have surged along with other consumer goods, hurting pocketbooks acro s the country.Mario Tama/Getty ImagesIt’s still all about inflation Inflation fears have dominated trading in what has been a tough year in markets.The Fed raised interest rates by half a percentage point last week, and Fed Chair Jerome Powell indicated more increases of a similar size are likely at the central bank’s next two meetings. The higher rates will raise borrowing costs acro s the economy. Mortgage rates have already spiked above 5% to their highest levels in years. The Fed is trying to engineer a “soft landing,” that is, slowing growth just enough to fight inflation without kickstarting a deep downturn. Economy 4 things to know as the Fed embarks on its biggest fight against inflation in years But Nick Markakis Jersey investors fear the Fed is moving too late to fight inflation, having first raised interest rates by a quarter percentage point in March. On Monday, the declines were widespread, but technology companies continue to be among the hardest hit stocks.Uber shares fell by 11.5%, after the ride-sharing company announced detailed cost-cutting measures.The pain on Wall Street hasn’t been confined to stocks. There has also been a sell-off in U.S. government bonds which would see their returns erode in a period of high inflation. And Bitcoin has dropped dramatically. The cryptocurrency is now trading below $32,000 le s than half of it’s all-time high, set just six months ago.