Global stock index enters bear market territory (Guardian)


The world is in a bear market, or a plunge in stocks of 20 percent.

In the U.S., the Dow Jones industrial average and the Standard & Poor’s 500 index defy the typical bear definition, since the large companies within those indexes have fallen only about 14 percent from their highs hit in 2015.

The pure definition of a bear market is a decline of at least 20 percent. But the world hit that mark Thursday as the MSCI All-Country World Index sunk into the bear territory as investors worried once again that weakness in European banks could erupt into a financial crisis.



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