Stocks end higher, still log worst month since March 2020
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By STAN CHOE and ALEX VEIGA
AP Business Writers
Stocks closed higher Monday, but still logged their worst monthly loss since the early days of the pandemic, as Wall Street closes a tumultuous January wracked by worries that imminent interest-rate hikes will make everything in markets more challenging. The S&P 500 rose 1.9%, but it’s still down 5.9% since setting a record exactly four weeks ago. It lost 5.3% this month, its worst since falling 12.5% in March 2020, when it hit bottom after the pandemic suddenly shut down the global economy. The yield on the 10-year Treasury rose to 1.79% from 1.77% Friday.Â