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MercoPress, en Español

Montevideo, December 22nd 2024 - 16:18 UTC

Tag: bear market

  • Friday, February 9th 2018 - 09:56 UTC

    As Dow Jones plunges 10% points, fears of a bear market and ripples effects on the economy

    Dow and S&P 500 are down more than 10% from their all-time highs, passing the psychological barrier known as “correction” for the first time in two years.

    The United States Dow Jones industrial average nosedived more than 1,000 points on Thursday, registering another eye-popping loss for the closely-followed index, as wild trading and fears of rising interest rates around the world took hold of traders. The Dow as well as the S&P 500, a broader stock index, are now down more than 10% from their all-time highs, passing an important psychological barrier known as a “correction” for the first time in two years.