S&P 500 Plunges Into Bear Market As Stocks Fall For Seventh Week In A Row

The stock market tanked on Friday, adding to heavy losses this week that pushed the S&P 500 into a bear market, down over 20% from its peak in January as investors continue to get whipsawed by concerns about inflationary pressures and rising rates.

The selloff on Wall Street continued with a vengeance: The Dow Jones Industrial Average fell 1.6%, over 500 points, while the S&P 500 lost 1.9% and the tech-heavy Nasdaq Composite 2.7%.