Dow officially enters bear market

Dow officially enters bear market

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The Facts Inside Our Reporter’s Notebook The Dow Jones Industrial Average officially entered bear market territory on Monday, following a precipitous drop.
The key metric fell 329.60 points on Monday, marking a 1.11% decline, placing the index in bear market territory, per MarketWatch.  A bear market is traditionally defined as a 20% decline from a recent high.
On Friday, the Dow Jones plunged below 30,000, effectively erasing all of the stock market's gains since President Joe Biden took office.
The SP 500 also reached a low point for the year 2022, dropping 1.03% to 3,655.04, while the third major index,...
Source: https://justthenews.com/nation/dow-officially-enters-bear-market?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators