Fears of a recession as Wall Street enters bear market - Dow, Nasdaq and S&P 500 plummet up to 20% and close lower than when Biden took office
Stock markets all fell dramatically on Monday, with the S&P 500 closing down 3.88 percent; the Dow down 2.79 percent; and the Nasdaq down 4.68 percent. The drop represents a 20 percent fall since January's record high, meaning that the markets are technically in 'bear' territory - retreating into hibernation. All three markets surged to record high closes in January 2020, just as Joe Biden became the 46th president. The Dow Jones was at 31,188.
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