S&P 500 enters bear market territory — a 20 percent decline from a recent peak — for the first time since 2020

Posted on AllSides May 20th, 2022
From The Left
Seth Wenig / AP

It's been a tough year for stocks — and it's only getting worse.

On Friday, the S&P 500 index entered an intraday bear market for the first time since 2020 and also signaled a market close below a January record.

A bear market occurs when a stock index declines 20 percent or more from its most recent high.

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https://www.nbcnews.com/business/markets/sp-500-enters-bear-market-first-time-2020-rcna29615

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