The three major U.S. stock indexes all closed down more than 5%, and the Nasdaq entered a technical bear market
The three major U.S. stock indexes ended sharply lower, with the S & P 500 index falling 5.97%, its largest one-day decline since March 2020; the week ended down 9.1%, its largest weekly decline since March 2020. The Nasdaq index fell 5.82%, down more than 20% from its historical high closing record, confirming that it entered a technical bear market range. The Dow fell 5.50%, closing more than 10% below its historical high closing record, confirming that it entered a correction range. All three major U.S. stock indexes recorded their largest two-day decline since March 2020 and their largest weekly percentage decline since March 2020. In terms of popular stocks, Tesla closed down more than 10% today, Boeing fell more than 9%, Nvidia and Apple fell more than 7%, Netflix and Oracle fell more than 6%, Amazon fell more than 4%, and Microsoft and Google fell more than 3%.