The S&P 500 on Monday was threatening a fall that would confirm what many investors have been saying for months: The large-cap benchmark is in the grips of a bear market.
The S&P 500 on Monday was threatening a fall that would confirm what many investors have been saying for months: The large-cap benchmark is in the grips of a bear market. A close below 3,837.25 would mark a 20% pullback from the S&P 500’s Jan. 3 record finish, meeting the traditional definition of a bear market, according to Dow Jones Market Data. The S&P 500 SPX ended Friday at 3,900.86.
The S&P 500 briefly traded below the bear-market threshold in May, but didn’t close below it. Stocks subsequently bounced, but the rebound has since given way as recession fears have increased.
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