News > S&P 500 sinks into bear market amid brutal equities selloff
S&P 500 sinks into bear market amid brutal equities selloff
Economic Times | 21/05/2022 04:00 PM | Click to read full article
A two-year run in stocks that began at the depths of the coronavirus panic and became one of the most powerful bull markets on record is on the brink of extinction.
The S&P 500 slipped 1.8% on Friday, pushing 20% below its record closing high on Jan. 3. The drop is part of a seven-week slide in the broad measure that qualifies as the longest since the dot-com bubble was bursting in 2001.