(AP Photo/John Minchillo, File)
By STAN CHOE and ALEX VEIGA AP Business Writers
NEW YORK (AP) — Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings have become commonplace and Monday was no exception, with the S&P 500 falling 3.9%. It’s 21.8% below its record set early this year and so now is in a bear market. The Dow industrials sank 2.8% and the tech-heavy Nasdaq composite tumbled 4.7%.