Stocks hover just above bear territory

By Huw Jones
Updated May 23 2022 - 7:06pm, first published 7:03pm
US stock markets have been harder hit than Europe because they were more overvalued.
US stock markets have been harder hit than Europe because they were more overvalued.

Stocks hovered just above bear market territory on Monday as economic fallout from the war in Ukraine and persistently high inflation capped gains in equity benchmarks.