POLITICS
The Stock Market Officially Collapses Into Bear Market Territory
DAILY CALLER NEWS FOUNDATION
John Hugh DeMastri
Contributor
September 23, 2022 3:32 PM ET
The stock market closed out a week of intense losses with the Dow Jones falling more than 750 points Friday, entering bear market territory amid a wave of investor fears.
At time of writing, the index had, at its lowest point, fallen more than 2.7% during the day to around 29,300 points, with the Nasdaq and S&P 500 down by 2.7% and 2.64% respectively at time of writing. With the Dow Jones officially falling more than 20% from its recent peak in June, stocks will have entered a slump known by investors as a “bear market” if the losses hold when trading ends Friday, according to CNBC. (RELATED: Stocks Stay Volatile As Recession Fears Loom)
The Nasdaq was down by 30.92% this year, with the S&P 500 down 22.98% this year, as of close of business yesterday, according to data from MarketWatch.
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READ MORE: https://dailycaller.com/2022/09/23/dow-jones-bear-market/
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