Stock markets all fell dramatically on Monday, with the S&P 500 closing down 3.88 percent; the Dow down 2.79 percent; and the Nasdaq down 4.68 percent. The drop represents a 20 percent fall since January's record high, meaning that the markets are technically in 'bear' territory - retreating into hibernation. All three markets surged to record high closes in January 2020, just as Joe Biden became the 46th president. The Dow Jones was at 31,188.
Didn't age well.
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