The S&P 500 lost 1.6% in afternoon trading . the S&P 500 dipping 20% below its Jan. 3 closing record. . A close at that level would meet the common definition for a bear market.
The S&P 500 is headed for its seventh weekly decline that would make the longest losing streak since the dotcom bubble burst more than two decades ago. It will be just its fourth streak of seven or more weekly losses in the post-World War II period, according to Bespoke Investment Group.
https://ca.finance.yahoo.com/news/asian-stocks-set-steady-start-223239511.html
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