Additional Coverage:
- The S&P 500 has tumbled into dreaded bear market territory (businessinsider.com)
Stocks Plunge into Bear Market Territory Amid Tariff Turmoil
The S&P 500 officially entered a bear market on Monday, plummeting more than 20% from its February high. This rapid decline marks the second-fastest bear market in history, trailing only the market crash at the onset of the COVID-19 pandemic in March 2020.
The downturn comes as investors react to President Trump’s recently announced tariffs and mixed signals from the White House. While some officials hinted at potential negotiations, others affirmed the tariffs’ permanence, leaving investors uncertain and fueling the sell-off.
The Nasdaq-100, heavily weighted with technology stocks, had already entered bear market territory on Friday. Monday’s trading saw further losses across the board, with the S&P 500 dropping over 4% shortly after the opening bell.
Among the hardest hit were several tech and growth stocks, including Robinhood (down 10.5%), MicroStrategy (down 11.6%), Palantir (down 7.4%), Nvidia (down 5.9%), and Tesla (down 8.4%). Even traditionally stable stocks like AT&T and Walmart experienced declines of 5.9% and 2.1%, respectively.
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- The S&P 500 has tumbled into dreaded bear market territory (businessinsider.com)