2021–2022 inflation surge The S&P 500 closes more than 20% below its January 3 record closing high, confirming that the index is in a bear market. Wall Street shakeout clinches bear market label for S&P 500 © Reuters Sources: Reuters
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZPSS54S2VRMMFPVHFDMN6N5EYE.jpg "Wall Street shakeout clinches bear market label for S&P 500 © Reuters")