You probably don't need me to tell you this, but it's been a difficult year for Wall Street and investors. When the closing bell tolled on Monday, June 13, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) and benchmark S&P 500 (SNPINDEX: ^GSPC) had tumbled 17.1% and 21.8%, respectively, since hitting their all-time highs during the first week of January. This officially placed the S&P 500 in a bear market, which is traditionally defined as a decline of 20% or more from a recent high.
The growth stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) has performed even worse. After hitting a record high in November, the index has gone on to shed 32.7% of its value. This decline is effectively on par with the drop the Nasdaq endured during the March 2020 coronavirus crash.
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Source Fool.com