Stock Selloff Puts S&P 500 in Bear-Market Territory
Written by Black Hot Fire Network on May 20, 2022
U.S. stocks slipped Friday, with the S&P 500 on track to close in bear market territory, extending recent losses that have major indexes on track for their longest streak of weekly declines in more than two decades.
The S&P 500 was recently down 1.6% after narrowly avoiding entering a bear market, or a 20% decline from its last peak, during a choppy trading session Thursday . . .