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Explained: Why is Wall Street close to a bear market?

Explained: Why is Wall Street close to a bear market? The stock market’s skid this year has pulled the SP 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers.

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