The S&P 500 briefly entered the bear market territory on Monday in the middle of Trump’s price chaos.
A lowering market is defined as a decrease of 20% compared to a closure record. The S&P 500 culminated at 6,144 on February 19, putting the “line in the sand” for the reference index at around 4,915.
S&P 500 losses made it possible to negotiate in the afternoon to close 0.2% lower.
The S&P 500 opened 4% less on Monday, investors without inspiration by mixed messaging of the White House officials during the weekend.
While Kevin Hassett, director of the president of the National Economic Council of President Donald Trump, discussed in an interview during the weekend the potential for negotiations, the secretary of trade Howard Lunick said that the prices were there to stay.
The S&P 500 exchanged 4,870 shortly after the opening bell on Monday, down 21% compared to its record summit. Friday, Nasdaq-100 was officially part of the Nasdaq-100.
Michael Reinking’s data, a main market strategist on the New York Stock Exchange, show that it is the second fastest bear market in history, behind the March 2020 pandemic bear market.
The biggest stock losers on Monday included: