With the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all hovering around 52-week lows the term “bear market” is gaining more attention.
The commonly accepted definition of a bear market is a 20% market decline from recent highs.
The tech-heavy Nasdaq was well into bear market territory. As of Friday’s close, the index is down more than 26% compared to its peak in November. While the Dow and S&P 500 aren’t in official bear territory yet, some market experts say it’s only a matter of time.