The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1 percent on Monday, extending the decline from its January peak to more than 20 percent, meeting a common definition for a bear market.
Worries that the Federal Reserve’s war against decades-high inflation is pushing the U.S. economy into a downturn have sent the U.S. stock market tumbling in 2022.
With the S&P 500 and Nasdaq already down some 23 percent and 32 percent, respectively, from their record highs, confirmation the Dow is also in a bear market is just the latest milestone in 2022’s market turmoil….