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

New York The S&P 500 briefly 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. A reversal late in the day pushed the index higher at the market's close and saved it from reaching an official bear market designation.

The S&P 500 managed to squeak 0.01% higher at Friday's closing bell, or about 18% down from its January 3 record high, after falling by as much as 2.3% earlier in the day. The move comes on the heels of seven 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 near-bear market, the index grew by 90%.

2008 on STEROIDS coming soon!

Falling faster than you CNN the most dishonest news source

LetsGoBrandon

Hurray for Joe! What a great leader!

apply monopoly law to oligarchs that are price gouging all in USA while NOT paying proper taxes! Not inflation! When are the 2 giant tax cuts trump gave them going to be overturned and pay correct rates?! problem solved!

From 'May increase Inflation above 2%' from the political economists. To a market crash. soaring inflation. and talk of a dot comm bubble disaster.

You know it’s Bad for Biden when CNN says his approval ratings is at 39% because that means it is really at 3.9%.

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.

“America is on the move” 🙄

And we are worrinf about feelings at this point.. wake up libs this is the end.

I hope the market crashes. I want the rich people to suffer also.

Biden wanted to take credit for a strong market. Will the gutless wonder now try to blame someone else, like Trump or Putin, for this?

Bidens America. Thanks!!! At least he is nice!!!

💊💊💊💊

💨💨💨💨

Can't be democrats fault. Nothing ever is. Although if market had been up 8 weeks they would be taking all the credit. Credit only and no faults ....hmm must be nice

It's gained 48% in the last 5 years! FORTY EIGHT PERCENT! 😆 Just having fun w numbers. Anyone can play. Keep up the panic CNN!

the market is to big to invest in.

Everyone sees the problem, no takes responsibility, not even partial responsibility, just pointing fingers to the other guy, saying 'it's your fault '. Same problems for decades because no one has answers. Bailing a boat with a hole, in time it will sink.

Maybe all the rich people should pay their fair share of taxes instead of getting tax breaks in this country wouldn't fail or wait that's right only Republican cater to the rich people whereas Democrats want them to pay. Republicans are the failure of this country

Economics are cyclical and while currently painful (mostly to poor people) we will recover. If we lose our rights and democratic processes and freedoms it will take decades (if ever in our lifetimes) to recover. Try to pay attention to what’s really dangerous to the country.

How seriously how does Biden have any approval a judge just blocked Biden from removing title 42 does Biden really want to harm America his policies are really bad

Are U sure The Biden Administration says everything is going fine You should probably double check your source

Inflation is going to continue as long as COVID continues to disrupt the World supply line. It's just what it is.

Biden has failed, funny enough fake news media like CNN, Washington post and others won't say it. Big disgrace

People lose money in Vegas too....what's your point abc Forbes WSJ axios CBSNews

Thanks to the utterly incompetent Dems for driving the country straight into a ditch, ^^5 Dems!

Perhaps having another great recession is what it will take for the US Treasury & Federal Reserve to reinstate Gold Convertibility for the USD.

Thanks JOE! Btw, how are gas prices lately? Do you even care? Seriously

BearMarketBiden

Tell me one good thing that Biden has done since he won? Smh

Me looking at the stock today 😂

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 !
Source: CBSLA - 🏆 552. / 51 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: FoxBusiness - 🏆 458. / 53 Read more »

S&P 500 slips below bear-market thresholdThe S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback from the large-cap U.S. benchmark's Jan. 3 record close. A finish below that...
Source: MarketWatch - 🏆 3. / 97 Read more »