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.
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This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.
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. Big swings have become commonplace and…