Following Monday's 3.9% drop, the S&P 500 index officially entered a bear market. The index has fallen by 21.8% since its peak in early January. Since 1929, there have now been 15 bear markets of varying length and severity. From January 1973 to October 1974, a period of stagflation due to the oil embargo that caused inflation to spike and economic growth to slow, the S&P 500 lost 48.2%.
S&P 500 enters bear market territory
The bull market ended after about 21 months and came after the index rose by 114.4%. The previous bull market ran for nearly 11 years when the index increased by over 400% from March 2009 to February 2020.
Sponsored
White Papers
Sponsored Content
Partner Content