The Dow fell for the eighth straight week, its longest slide since 1923. The S&P briefly entered bear market territory before closing slightly higher.
New York The S&P 500 briefly fell into bear market territory Friday, slipping more than 20% from its record high and potentially ending the bull run that began in March 2020. A reversal late in the day pushed the index higher at the market's close and saved it from reaching an official bear market designation.
The S&P 500 managed to squeak 0.01% higher at Friday's closing bell, or about 18% down from its January 3 record high, after falling by as much as 2.3% earlier in the day. The move comes on the heels of seven straight weekly losses for the index and follows months of precipitous market drops. The S&P 500 has long been considered the most accurate measure of the nation's stock performance. In the three years prior to this near-bear market, the index grew by 90%.
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