The 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 level would meet the traditional definition of a bear market.
The S&P 500 SPX, -2.21% was last at 3,837.48 after trading as low as 3,836.35.
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