Published 06/13/2022 1:35:55 p.m.

Stocks sink, sending the S&P 500 to a bear market once again

Summary by Abc 6 Philadelphia

Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, amid fears that a recession is more likely given how unshakeable inflation has become.

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Times of India

Markets tumble worldwide, bear market growls on Wall Street

The S&P 500 was 3.8% lower in the first trading after investors had the weekend to reflect about a stunning report that showed inflation is getting worse, not better as some had hoped. The technology-focused Nasdaq Index, which entered bear market territory in March, dropped 4.5%. Dow Jones declined 2.8%, or nearly 900 points.

06/13/2022 1:41:00 p.m.·India

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CTV News

Stock declines signal a bear market; here's what that means

Wall Street is opening the week with more losses, and the S&P 500 has fallen to a level that market observers consider to be a bear market.

06/13/2022 5:09:32 p.m.·Canada

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Reuters

Wall Street poised to clinch bear market as S&P 500 tumbles

NEW YORK - The benchmark S&P 500 was down more than 20% from its Jan. 3 record closing high in midday trading on Monday, as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession. A close of more than 20% below the record high would confirm the index was in a bear market, according to a commonly-used definition.

06/13/2022 4:36:46 p.m.·United Kingdom

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Associated Press News

Stock declines signal a bear market; here’s what that means

NEW YORK (AP) — Wall Street is opening the week with more losses, and the S&P 500 has fallen to a level that market observers consider to be a bear market. Rising interest rates , high inflation , the war in Ukraine and a slowdown in China’s economy have led investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers.

06/13/2022 1:13:31 p.m.·United States

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USA Today

Dow Jones Industrial Average, S&P 500 poised to close at bear market level

Yields on 2-year notes are popping as the S&P 500 is poised to close at a bear market level. The Dow, S&P 500 and Nasdaq hit new 52-week lows

06/13/2022 12:43:44 p.m.·United States

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abc News

US futures point to a bear market; here’s what that means

Wall Street looks like it will open the week with more losses, with the S&P 500 falling to a level that market observers consider to be a so-called bear market

06/13/2022 1:35:55 p.m.·United States

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