NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, turbulent bear market of 2020, when the benchmark S&P 500 index tumbled 34 percent in a one-month period, the shortest bear market ever. That includes two separate days in the middle of the 2007-2009 bear market when the S&P 500 surged roughly 11 percent, as well as leaps of better than 9 percent during and shortly after the monthlong 2020 bear market.
Author: Stan Choe, Associated Press, Alex Veiga, Associated Press
Published at: 2025-04-07 22:13:52
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