INVESTORS

BAD NEWS
FOR
STOCK 

Wall Street began the week with heavy losses, putting the benchmark S&P 500 in what is known as a bear market.

The last bear market occurred only 2 years ago, this would be a first for those investors who began trading during the pandemic.

The S&P 500 fell nearly 4%, entering bear market territory, and has now fallen more than 20% from its most recent high.

The Dow Jones Industrial Average fell 2.8 percent, or nearly 900 points, while the Nasdaq fell 4.7 percent.

"U.S. equity markets are reacting negatively to last week's hotter-than-expected inflation reading," says
 Sam Stovall (CFRA)

"U.S. equity markets are reacting negatively to last week's hotter-than-expected inflation reading," says
 Sam Stovall (CFRA)