Alert: The Bear Is Roaring; Huge Sell-off

(TheRedAlertNews.com) – ALERT: As a new week gets underway, the stock market in the United States is tanking, with the benchmark S&P 500 falling back into bear territory.

As CNBC notes at the mid-morning mark:

“Stocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.

“The Dow Jones Industrial Average dropped 640 points, or 2%, the S&P 500 fell 2.6% and the Nasdaq Composite tumbled 3.2%.

“The S&P 500 hit a new intraday low for the year and was off nearly 21% from its record, back in bear market territory after trading there briefly on an intraday basis about three weeks ago. The benchmark now sits more than 20% from its January record close. If it finishes there on Monday, it will confirm a bear market to many on Wall Street.” [emphasis added]

Today’s sell-off is almost completely across the board as 26 NYSE stocks are currently trading lower for every stock in the green.

THIS IS A BREAKING NEWS REPORT FROM RED ALERT NEWS.

What is your reaction to the current state of the stock market and the national economy in the United States of America? Are you concerned the U.S. is sliding into a recession or may already be in recession? Is the state of the economy impacting your spending on consumer essentials? Please share your thoughts by emailing [email protected]. Thank you.