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S&P 500 Evades Bear Market as Investors Go On Late Buying Spree

  • Benchmark posts its longest weekly losing streak since 2001
  • Last bear market for S&P 500 was from February to March 2020
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S&P 500 Falls 20% From January High
Updated on

A two-year bull run in stocks that began at the depths of the coronavirus panic came close to crashing into a bear market Friday but avoided that fate in the last hour of trading.

The S&P 500 traded 20% below its record closing high of 4,796.56 for most of the afternoon, but it pared those losses to finish basically where it started the day. The last entered into bear market in February 2020.