Wall Street’s losses worsen as markets tumble worldwide

Stocks deepened their losses Monday, sending the S&P 500 to its lowest close in more than a year.

The benchmark index is coming off its fifth weekly loss in a row, as renewed worries about China’s economy piled on top of markets already battered by rising interest rates. Stocks fell across Europe and much of Asia, as did everything from old-economy crude oil to new-economy Bitcoin.

The S&P 500 gave up 3.2%, and the Nasdaq pulled back 4.3%. The Dow Jones Industrial Average fell 2%. The yield on the 10-year Treasury note fell to 3.03%.

Most of this year’s damage has been the result of the Federal

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