Stock Market Nears Bear Territory

At Wall Street Journal yesterday (and at Google):

After turning in the worst quarter since the financial crisis, U.S. stocks started the new one by approaching the level considered a bear market.

The Dow Jones Industrial Average tumbled 2.4% Monday, leaving the index down 16.8% from its April high, 3.2 percentage points away from the 20% decline that many analysts believe signals that a bear market is under way. The broader Standard & Poor's 500-stock index also fell sharply and is even closer to bear-market territory, down 19.4% since April. The indexes are at their lowest closing levels in more than a year...

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