Wall Street crumbles, Dow Jones sheds 483 points

NEW YORK, New York - U.S. stocks decelerated sharply on Monday in an ominous start to a new week.

Bond yields rose as investors bet the Federal Reserve will continue hiking interest rates and maintain them at high levels for longer.

"Clearly, equity markets want to move higher, but that's very dependent on inflation getting under control," Peter Essele, head of portfolio management at Commonwealth Financi