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,It is officially a ‘bear market’ as the S&P 500 plummets 3.9% to finish the day at 3,749.53, a drop of more than 20% from its most recent peak on January 4. – EPA pic, June 14, 2022.

WALL Street stocks officially entered “bear market” territory yesterday following another drubbing as investors bet on more aggressive Federal Reserve rate hikes to address inflation.

The S&P 500, the broad-based equity index, plummeted 3.9% to finish the day at 3,749.53, a drop of more than 20% from its most recent peak on January 4 – the definition of a bear market.

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