Could Be 50% Pullback or More
Since closing at 3,230 points on Dec. 31, the index is down 844 points to 2,386, putting the S&P 500 yearly losses at 26.1%. The index also is on pace for its worst year since 2008 when it lost 37% of its total value, and trending toward one of its 10 worst finishes ever due to the coronavirus-induced bear market that is punishing equities and economies around the world.
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Since closing at 3,230 points on Dec. 31, the index is down 844 points to 2,386, putting the S&P 500 yearly losses at 26.1%. The index also is on pace for its worst year since 2008 when it lost 37% of its total value, and trending toward one of its 10 worst finishes ever due to the coronavirus-induced bear market that is punishing equities and economies around the world.
moneyandmarkets.com/...amp;utm_campaign=Daily-Article-Traffic