For major U.S. stock indexes, a bear market is defined as a 20% decline from its most recent all-time high over a prolonged period of time.
Market Bulletin: Don’t Fear the Bear
On March 11th, 2020 the Dow Jones Industrial Average closed down more than 1,400 points, marking the end of a historic 11-year bull market for the index. The Dow closed at its peak on February 12th at 29,551.42, and subsequently fell 20.3% over the course of 19 trading days to end at 23,553.22 – a technical bear market1. The 19 trading days it took for the Dow to reach bear … Read More