[ad_1]
The S&P index has moved to a brand new low of 3841.54. Within the course of it took out the low worth from final week at 3858.87.
On the low the index was down 20.28% from its 2022 excessive and all-time excessive reached on January 4. That takes index into “bear market territory”. Financially talking a decline of 20% is taken into account a bear market.
The NASDAQ index can also be reached a brand new low for the day at 11166.95. That also is above the low from final week at 11108.76. The NASDAQ index has been in bear market territory since April 22 (20 buying and selling days).
It had beforehand beneath the -20% stage again on February 23 however moved again above, after which once more on March 7. The index moved above the bear market territory on March 16 and stayed above that stage till April 22, when the sellers took over once more (and the bear market intensified).
[ad_2]