It’s (almost) official, folks: We have (kind of) a bear market!With the Dow Jones Industrial Average falling as much as 20% below its highest closing price of last month, the venerable index of American blue chips finally dipped into bear market territory on Wednesday, the same day that — not coincidentally — the World Health Organization declared COVID-19 a global “pandemic.”Technically, of course, some might argue that for a real bear market, the Dow needs to move 20% below its last best high, and stay there till the closing bell. The fact that the index recovered slightly to close …read more
Source:: Yahoo Finance
