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Nasdaq enters bear market capping worst week in a decade


Saturday, 22 December 2018 04:14 WIB

Standard & Poor's 500Indeks NasdaqSaham AS


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Stocks ended sharply lower on Friday to close out a weeklong equity-market rout, as investors grappled with concerns over the Federal Reserve's hiking plans and a partial government shutdown.

The S&P 500 fell 2.1% to 2,417, based on preliminary numbers. The Dow Jones Industrial Average shed around 416 points, or 1.8%, to end near 22,444. The Nasdaq Composite slipped 3% to 6,333. On a weekly basis, the S&P and Dow were down around 7%, while the Nasdaq saw a more dramatic drop of 8.4%.

The Nasdaq officially slid into a bear market, defined as a drop of at least 20% from a recent peak.

Marketwatch


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