S&P 500 Is Flirting With a Bear Market as Tariffs Hit Everything
This article is for subscribers only.
President Donald Trump’s trade war has US stocks on the precipice of their first bear market since 2022.
The S&P 500 Index was down around 2% in early trading Monday, putting it almost 20% below the record high set less than two months ago. It briefly sank below that level before recovering. If the selloff escalates, it would be the second-fastest plunge of the 14 bear markets since 1945, CFRA data show. More than $9 trillion in value has been lost in the S&P’s selloff since Feb. 19.