The value of the Dow Jones Industrial Average by 17:01 GMT + 3 decreased by 0.7% - to 32064.03 points. Standard & Poor's 500 by this time fell by 0.6% - to 4032.75 points. The Nasdaq Composite index has lost 0.7% since the market opened and amounted to 12057.94 points.
On Friday, the fall of the Dow Jones Industrial Average exceeded 1,000 points and became the highest percentage since May 18. The S&P 500 and Nasdaq Composite posted their sharpest declines since June. Powell's remarks, speaking at the annual economics symposium at Jackson Hole on Friday, were more reactive than market participants expected.
Among the 30 components of Dow Jones, only three stocks show an increase in quotations at the beginning of trading: Chevron Corp. - by 1.5%, Boeing Co. - by 0.5% and Verizon Communications Inc. - less than 0.1%.
The drop leaders were Dow Inc., which shed 1.6%, and Travelers Cos. - by 1.5%.
The cost of Apple Inc. down 1%, Microsoft Corp. - by 0.9%, Tesla - by 1.8%.
Sportswear maker Lululemon Athletica tumbled 0.6% after Jefferies downgraded its recommendation to a sell.
Shares of GameStop Corp., the owner of a chain of video game and game electronics stores, are up 0.5%. For 8 previous trades, the value of the company collapsed by 26.7%, it was the longest drop in almost 5 years.
Important for the market this week will be fresh data from the US labor market, the publication of which is scheduled for Friday. According to the average forecast of analysts, unemployment remained at 3.5% in August, while the number of jobs in the country's economy grew by only 300 thousand (after an increase of 528 thousand a month earlier), according to Trading Economics.
The price of bitcoin, which previously fell below the psychologically important mark of $20,000, has again risen above this threshold, which contributes to the increase in stock prices of companies associated with cryptocurrencies. Thus, Coinbase Global papers rise in price by 2.8%, Marathon Digital Holdings Inc. - by 7.3%, Riot Blockchain Inc. - by 4.7%, MicroStrategy Inc. - by 1.9%.
Chinese trading platform Pinduoduo posted a 3.7-fold increase in net income in the second quarter, with adjusted per-share and revenue well above forecasts. The price of the company's American depository shares (ADS) jumped more than 18% on the Nasdaq stock exchange on this news.