S&P 500 Falls Into Bear Market as Recession Fears Deepen

Trader Patrick King works the floor at the New York Stock Exchange on May 12, 2022. John Minchillo, File/AP Photo

For the first time since 2020, the S&P 500 Index has fallen into a bear market as investors’ recession fears continue to mount.

The S&P 500, which market analysts consider to be the best measurement of the overall U.S. stock market, tumbled by more than 2 percent on May 20, falling briefly into bear market territory during the trading session.