Dow closes 100 points lower as sell-off continues, surging Treasury yields reflect mounting rate fears; European markets lower after Powell’s interest rate warning; Uniper shares fall 6% 
Stocks fell on Monday as traders fought to regain their footing from the prior week’s sell-off amid increasing concerns over rising rates and tighter U.S. monetary policy. The Fed will probably have to raise its fed funds rate to about 4.5% in order “to sustainably” get inflation near its 2% long-term target, Wolfe Research Chief Investment Strategist Chris Senyek, said in a note to clients on Monday. The Dow Industrial Average slid 184.41 points, or 0.57%, to 32,098.99. The S&P 500 slipped 0.67% to 4,030.61, and the Nasdaq Composite slumped 1.02% to 12,017.67. 
Netflix shares added 1.3% on news that the streaming company is considering pricing its ad-supported tier at $7 to $9, according to a Bloomberg report. 

European markets were lower on Monday after U.S. Federal Reserve Chair Jerome Powell signaled higher interest rates would likely persist in a bid to tame soaring inflation. 
All sectors and major bourses slipped into negative territory during morning deals in London. Tech stocks led the losses, down over 2%. 
Germany’s DAX index fell more than 1.3%, France’s CAC 40 index dipped around 1.6%, while Italy’s FTSE MIB fell 1%. 
Looking at individual stocks, Germany’s Uniper slipped to the bottom of the European index. Shares of the embattled energy company fell over 6%. 
Meanwhile, shares of Germany-based food delivery firm Delivery Hero climbed over 2.3% to trade near the top of the benchmark. 
Source: CNBC, Investing.com