The U.S. stock market is on the cusp of bear territory after a five-month selloff that has seen the S&P 500 index lose 19 percent of its value.
More investors and analysts are predicting that the market slump will continue for a while, The Wall Street Journal reported over the weekend. If the S&P 500 achieves a 20 percent decline, that would be labeled a bear market and would mark the end of the bull market that began in March 2020.
In a separate story, the Journal reported that more small-business owners have grown pessimistic, with 57 percent expecting economic conditions in the United States to worsen in the next year, according to a survey of more than 600 small businesses. That’s up from 42 percent in April and equal to the all-time low in April 2020.
Stock futures in the U.S. were higher this morning to start the week, along with crude oil and cryptocurrencies.
