S&P 500, Dow Continue to Sink

CNBC: The S&P 500 fell deeper into a bear market on Tuesday after setting a new 2022 low, while the benchmark 10-year Treasury yield continued to climb to levels not seen in at least a decade. The broader market index fell as low as 3,623.29 during the session which broke below the previous bear market intraday low of 3,636 that was set in mid-June. Meanwhile, the Dow Jones Industrial Average fell 125.82 points, or 0.43%, to 29,134.99. The Nasdaq Composite was up 0.25% to 10,829.50. The S&P 500 is now 24.3% below its record set in January, while the Dow is 21.2% below its all-time high. The Nasdaq has fallen more than 33% since hitting a record in November (CNBC). 

RNC Research: CNN: “We saw the Dow plunge into a bear market … it’s a 20% fall from its recent high. And the S&P 500 and the Nasdaq, they’ve already been in a bear market. The S&P 500 down 23% for the year, the Nasdaq down a whopping 30% for the year” (Twitter).