What the Bear Market Means

On June 13, 2022, the S&P 500 Index – a broad measure of U.S. equities – fell into bear market territory for the first time since March 2020. So-called “bear markets” are defined by a decline of 20% or more from recent highs. Through the market’s close on June 14, 2022, the major benchmark had sunk 21.1% year-to-date.