S&P 500 Tumbles Into Bear Market—Here’s What You Need to Know

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S&P 500 Tumbles Into Bear Market—Here’s What You Need to Know
A trader works on the floor of the New York Stock Exchange (NYSE) on June 10, 2022. The S&P 500 has dropped by nearly 22 percent year to date. Spencer Platt/Getty Images
Andrew Moran
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Less than a month after the S&P 500 temporarily slipped into bearish territory, the benchmark stock market index officially fell into a bear market at the closing bell on June 13.
Year-to-date, the S&P 500, which includes Apple, Berkshire Hathaway, and Tesla, has tumbled by nearly 22 percent. The index now joins the tech-heavy Nasdaq Composite Index in a bear market. The Nasdaq has plummeted 31 percent this year.  
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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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