S&P 500 enters bear market

The S&P 500 entered a bear market after the open on Tuesday, down over 20% from its 2011 high.

October 04, 2011 / 19:54 IST

The S&P 500 entered a bear market after the open on Tuesday, down over 20% from its 2011 high, as European officials considered making banks take bigger losses on Greek debt and fears of contagion in the world's financial system grew.

The Dow Jones industrial average dropped 124.12 points, or 1.16%, to 10,531.18. The Standard & Poor's 500 Index dropped 12.43 points, or 1.13%, to 1,086.80. The Nasdaq Composite Index dropped 18.61 points, or 0.80%, to 2,317.22.

first published: Oct 4, 2011 07:50 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347