This is the level to watch in the S&P 500 as stocks touch bear-market territory
It’s a tough time to be an investor.
The Dow Jones Industrial Average officially entered bear-market territory on Wednesday after a 1,400-point plunge, falling more than 20% below its record closing high made just a few weeks ago in February. Wednesday’s nearly 6% drop came on a volatile day of trading during which the World Health Organization declared the fast-spreading coronavirus a global pandemic.
The S&P 500 ended trading about 5% lower, just short of a bear market, which is defined as a 20% drop from recent highs.