Market Snapshot: Dow enters first bear market since March 2020 as rate, currency and economic worries reverberate

by | Sep 26, 2022 | Stock Market

The Dow Jones Industrial Average finished in a bear market on Monday for the first time in more than two years and the S&P 500 fell below its June closing low as investors fretted over a combination of interest-rate, currency and economic risks.What happened
The Dow Jones Industrial Average
finished down by 329.60 points, or 1.1%, at 29,260.81. It closed below the 29,439.72 level that marks a 20% pullback from its Jan. 4 record close, meeting widely used criteria for entering a bear market. The last time the Dow entered a bear market was on March 11, 2020; it exited on March 26 of that year.

The S&P 500
finished down by 38.19 points, or 1%, at 3,655.04 — below its June 16 closing low of 3,666.77.

The tech-heavy Nasdaq Composite

Article Attribution | Read More at Article Source

Share This