US STOCKS SNAPSHOT-Dow on pace to confirm bear market, falls 20% from record close

Reuters

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       Sept 23 (Reuters) - The Dow Jones Industrial Average
 .DJI  was down more than 20% from its Jan. 4 record closing
high on Friday, putting it on track to confirm a bear market at
the close.
    The index would confirm it has been in a bear market if it
ends more than 20% below the record closing high, according to a
widely used definition.
    The Dow Jones Industrial Average  .DJI  briefly slipped
below 29,439.72, the minimum level it needs to close at to
confirm a bear market.
    At 12:20 p.m. ET, the index was down 619.10 points, or
2.06%, at 29,457.58. 
    The S&P 500  .SPX  was down 82.98 points, or 2.21%, at
3,675.01, and the Nasdaq Composite  .IXIC  was down 243.30
points, or 2.20%, at 10,823.50.
 (Reporting by Caroline Valetkevitch in New York and Sruthi
Shankar in Bengaluru; Editing by Vinay Dwivedi)
 ((caroline.valetkevitch@thomsonreuters.com))

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