NEW YORK, NEW YORK - MARCH 08: People walk along Wall Street near the New York Stock Exchange (NYSE) on March 08, 2022 in New York City. The Dow was up slightly in morning trading as the Russian invasion of Ukraine continues to unsettle global markets. (Photo by Spencer Platt/Getty Images)

NEW YORK (AP) — Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, on worsening fears about a possible recession given how stubborn inflation has become. The S&P 500 was 3.3% lower in investors’ first chance for trading after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The index is more than 20% below its record set early this year. Bond prices are also tumbling as speculation rises the Federal Reserve will get more aggressive to get inflation under control, even if it risks a recession.