S&P 500 Plunges, Wipes Out All of Its Gains Since Biden Took Office

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S&P 500 Plunges, Wipes Out All of Its Gains Since Biden Took Office
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 10, 2022. Spencer Platt/Getty Images
Frank Fang
Updated:

The S&P 500 has lost all of its gains since President Joe Biden took office in 2021.

The market index fell 3.88 percent to 3,749.63, dropping below the 3,798.91 level when it closed on Jan. 19, 2021. The drop put the S&P back into the bear market territory.
Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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