Wall Street’s staggering skid that began less than three weeks ago has pulled the Dow Jones Industrial Average into what’s known as a bear market.
After a string of sharp losses, the Dow has now fallen more than 20% from its last peak on Feb. 12.
The S&P 500, the index most investors pay attention to, moved within striking distance of its own bear market Wednesday, as did the Nasdaq. Both indexes are in a correction, down at least 10% from their most recent all-time highs.
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Author: Alex Veiga