Top news
US stocks suffer worst day since early months of pandemic
By Nicholas Megaw & Naomi Rovnick
Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies
By Sarah Min & Jesse Pound
S&P 500 Approaches Bear Market: S&P 500 Closes Just Above Bear Market Threshold (Published 2022)
By Jeff Sommer, Stephen Gandel & Lananh Nguyen
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
Rolling 60-day correlation between S&P 500 and Bloomberg Commodity Spot Index has slipped further into negative territory pic.twitter.com/CQJghTWbD1
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Liz Ann Sonders
LizAnnSonders
Foreign purchases of U.S. equities have been incredibly volatile over past several years; negative in February (latest data available) but dip wasn’t as severe as in prior months pic.twitter.com/9KZ0ZNAPFQ
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Ryan Detrick, CMT
RyanDetrick
Down less than half a percent today for the S&P 500.
Given where it opened, this was a nice change from what we were seeing a week ago.
Back then, the selling would get heavy as the day wore on.
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Jurrien Timmer
TimmerFidelity
After the 6% drawdown since March 28, the forward P/E ratio on the S&P 500 has declined from 21.2x to 19.9x. Valuations were high, so this is good to see. Price should decline less than valuations during this correction since earnings estimates are rising 12%. Pass the baton.🧵 pic.twitter.com/wqpo6FIPWV
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All coverage
20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow
By Jordan Finneseth
Wall Street ends sharply lower as Target and growth stocks sink
By Amruta Khandekar & Noel Randewich
A 'bear market' looms. What exactly does that mean?
By Greg Iacurci
S&P 500 falls as market struggles to recover from multiple weeks of losses, Nasdaq down more than 1%
By Sarah Min, Tanaya Macheel & Abigail Ng
S&P 500 falls again on Thursday, inching closer to bear market territory
By Sarah Min & Hannah Miao
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
By Sarah Min & Fred Omar Imbert