Nasdaq, Dow drop into bear-market territory

The Dow Jones Industrial Average ended trading on Wednesday down 20.8% from its record-high close in October, while the Nasdaq Composite Index has fallen 21.3% from its October peak. It is the first time in more than five years that the major stock indexes have suffered a bear market. Although the Dow had been on the verge of a bear market recently, General Motors' 15.1% drop on Wednesday forced the average below the threshold.

View Full Article in:

Wall Street Journal (tiered subscription model), The · Reuters

Published in Brief: