Dow officially enters bear market

The Dow Jones Industrial Average officially entered bear market territory on Monday, following a precipitous drop.

The key metric fell 329.60 points on Monday, marking a 1.11% decline, placing the index in bear market territory, per MarketWatch.  A bear market is traditionally defined as a 20% decline from a recent high.

On Friday, the Dow Jones plunged below 30,000, effectively erasing all of the stock market's gains since President Joe Biden took office.
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