S&P 500 Hits Bear Market Territory – Investopedia
The S&P 500 Index fell below the 20% threshold to be considered a “bear market,” at the close of trading on June 13, 2022. The index is down by 21.8% from its previous closing high, which it reached on January 3, 2022.
The current bear market is now 161 days old. The previous bear market, sparked by the newly unfolding COVID-19 pandemic, ran for 33 days from peak to trough (Feb. 19, 2020 to March 23, 2020), during which time the S&P 500 declined by 33.9%. The two bear markets prior to that were much lengthier and deeper. From March 24, 2000 to Oct. 9, 2002 (929 days), the S&P 500 dropped by 49.1%, From Oct. 9, 2007 to March 9, 2009 (517 days), it fell by 56.8%.
Through market close on June 1, 11 of the S&P 500 sectors are down year-to-date (YTD) down so far in 2022. The lone exception, energy, is up by 50.5% for the year-to-date, as gas and oil prices have risen sharply this year.
Four sectors are down by 20% or more year-to-date: consumer discretionary (-33.3%), communication services (-31.4%), information technology (-28.5%), and real estate (-24.6%).
The six sectors posting year-to-date declines of less than 20% are financials (-19.6%), industrials (-17.1%), health care (-13.9%), materials (-13.8%), consumer staples (-9.5%), and utilities (-5.6%).
The S&P 500 is a capitalization-weighted index. As a result, just six stocks, issued by five companies, collectively account for nearly 20.7% of its value, based on current calculations.
All these stocks have posted larger YTD declines than the S&P 500 as a whole, leading the index down. They are: Apple Inc. (AAPL), down 27.5%; Microsoft Corporation (MSFT), down 27.6%; Amazon.com Inc. (AMZN); down 39.2%; Alphabet Inc. (GOOGL, GOOG), down 26.6% and 26.3%, respectively;, and Tesla Inc. (TSLA), down 46.1%.
S&P Dow Jones Indices. "S&P 500."
Yardeni Research, Inc. "Stock Market Briefing: S&P 500 Bull & Bear Market Tables."
S&P Dow Jones Indices. "S&P Sectors."
Slickcharts. "S&P 500 Companies by Weight."
Yahoo Finance. "Stock Quotes."
Economics
ETF News
Stocks
Markets News
Company News
Company News
When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site.
