https://sputnikglobe.com/20220520/wall-street-enters-bear-market-with-sp-500-down-20-on-year-nasdaq-off-nearly-30-1095670948.html
Wall Street Enters Bear Market With S&P 500 Down 20% on Year, Nasdaq Off Nearly 30%
Wall Street Enters Bear Market With S&P 500 Down 20% on Year, Nasdaq Off Nearly 30%
Sputnik International
NEW YORK (Sputnik) - Wall Street entered bear market territory on Friday, with the S&P 500 index for the top 500 US stocks falling 20% on the year while Nasdaq... 20.05.2022, Sputnik International
2022-05-20T17:36+0000
2022-05-20T17:36+0000
2022-05-20T18:01+0000
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In general market terminology, any asset down 20% from its most recent high or from a particular period like a quarter or year-end is defined as having entered a bear market. The S&P 500 was hovering at around 3,810 on Friday afternoon, down 20% from its December finish of 4,767. Nasdaq, which includes top technology names such as Amazon, Apple, Netflix and Google, was at 11,042, down 29.2% from last year’s close of 15,645.
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Wall Street Enters Bear Market With S&P 500 Down 20% on Year, Nasdaq Off Nearly 30%
17:36 GMT 20.05.2022 (Updated: 18:01 GMT 20.05.2022) NEW YORK (Sputnik) - Wall Street entered bear market territory on Friday, with the S&P 500 index for the top 500 US stocks falling 20% on the year while Nasdaq Composite, the technology stocks barometer, showed a loss of nearly 30% for 2022.
In general market terminology, any asset down 20% from its most recent high or from a particular period like a quarter or year-end is defined as having entered a bear market. The S&P 500 was hovering at around 3,810 on Friday afternoon, down 20% from its December finish of 4,767.
Nasdaq, which includes top technology names such as Amazon, Apple, Netflix and Google, was at 11,042, down 29.2% from last year’s close of 15,645.
