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.

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