S&P 500 drops into bear market territory as recession fears mount

New York The S&P 500 fell into bear market territory Friday, slipping more than 20% from its record high and potentially ending the bull run that began in March 2020.

The designation comes on the heels of six straight weekly losses for the index and follows months of precipitous market drops. The S&P 500 has long been considered the most accurate measure of the nation's stock performance. In the three years prior to this bear market, the index grew by 90%.Downward momentum pushed the S&P 500 further in afternoon trading, down more than 2% for the day and 20.3% from its record-high close of 4,796.46 in early January.

Fix our economy

Don’t complain about oil companies making 8 billion profit this past year from high gas prices when Biden Just gave $40 Billion (40,000 million) to another country that will likely end up in corrupt politicians pockets.

Don’t tell me this!

really do we care CNN?

The Dow S&P is still significantly higher if you look at its performance over the last 5 to ten years. I know boring facts but true. Think long term like what the ex-defeated President could be serving if the rule of law is followed.

Brown or white bear?

Just dropped by to hear how this is no big deal and actually a healthy corrective and who cares, it just affects rich people, from posters who cheer Biden’s genius economics when the Dow is up, and would be crying “Armageddon!” if this were happening under a “different” president

Don’t know what your tying to do start a buying frenzy with stocks but don’t buy people you loose 1/3 of your money and keep getting less. Never again

Oh no, rich people losing money, what a incredible burden.

Make money at the same time control inflation Inverse oil ETFs . Stop the hype!

American mkts are coughing up all their gains and have already taken a 20% haircut from it's high. unless zelensky signs the neutrality agreement to end the war the carnage will continue and the middle class investor and working class 401k's will be annihilated.

It’s the Great Depression all over again. History repeats itself.

Don’t forget that KenGriffinLied under oath

Team terra is playing another safe scam to emotionally show the world that they are helping to rebuild terra.. my question is who sold so many terra.. and in this current market price if they buy back their short positions it’s huge money.. TERRA SCAM

Time to buy

juliussharpe they’re on to you

Soooo we still blaming this on Trump? Or is it Putins fault?

Joe Biden doesnt care about anyone other then himself

S&P ... going to 2020 ish levels .. around 2800-2900 teritorry ... be ready !!

This time it’s different.

I can almost afford to buy more Tesla Almost.

Sweet, time to get some stocks at a discount!

Smile if you voted for Biden. Trump warned you.

People wanted a polite dufus in office and they got their wish. The poorest/most violent cities in the country are run by Democrats and that's no coincidence.

Tesla cut from S&P 500 ESG Index , and Elon Musk tweets his fury .

Mostly everything will continue to go down, except for gas prices ⛽️🚀

And for the average non-gambling American this means what?

Almost time to buy.

you won't see the S&P 500 above 4000 again for a good few years. Big crash coming.

Seems like I heard this would happen.

Good times

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Deutsche Bank cuts baseline market forecast and sees S&P 500 at 3,000 if there's a recessionStocks could be in for much more pain ahead if a recession is imminent, according to Deutsche Bank's Binky Chadha.
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Stocks tumble on recession fears, with the S&P 500 nearing a bear marketHigh inflation, rising interest rates and disappointing corporate earnings are souring Wall Street's outlook. This is what you get for keeping Quantitative Easing for way too long. Interest rates should have been boosted *long* ago. If we had kept QE any longer, we would've met the same fate that Japan and Turkey are now facing--a currency crash. 💴🔥 So we just sent $40 billion to Ukraine.. Hmm BIDEN 2024 !
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Investors Have ‘Nowhere To Hide’ As S&P 500 Nears Bear Market TerritoryThe stock market moved lower on Thursday—pushing the S&P 500 to the brink of bear market territory—as investors continued to offload shares following warnings from major retailers about inflationary pressures.
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S&P 500 falls into bear market, joins NasdaqThe broadest measure of the U.S. stock market entered a bear market on Friday. The bull will wake up soon. Funny that sanctions on the Russian Bear caused this bear market. Big ole Bear too... Covid panic was anomalous.... this is the 'big one' pullback that was long overdue after the decades long, Fed-fuled bubble post-2008. This one is just getting started... get used to the idea of 1850 on the S&P 500.
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