Barely a bear: Wall Street exits what turned out to be a fairly tame bear market
By STAN CHOE
AP Business Writer
NEW YORK (AP) — While it seemed scary and interminable, Wall Street’s bear market last year was meeker than most. After the S&P 500 on Thursday closed at a level more than 20% above where it was in mid-October, Wall Street can give official dates for the birth and death of its last bear market, which is what traders call a long decline of at least 20% for the S&P 500. It started on Jan. 3, 2022, when the S&P 500 set a record high, and ended on Oct. 12, when it bottomed out 25.4% lower. It was both shorter and shallower than the average bear market since 1950.
