Stock Market Today: S&P Finally Dragged Into a Bear Market
by Kyle Woodley
Jun 13, 2022
2 minutes
After months of surging inflation, the S&P 500 finally broke down into bear-market territory, ending a two-year-plus COVID recovery bull run.
The catalyst, of course, was Friday's surprising revelation that consumer prices soared by 8.6% in March – a report so toxic that Wall Street was still digesting it today.
"The hot inflation report provided a double dose of bad news for the economy and for stocks," says Paul Christopher, Head
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