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The Nasdaq index. IXIC on Friday confirmed a bear market for the first time since 2008, highlighting fears that the longest bull market in U.S. stock market history may soon end.
The Nasdaq index closed 21.9% lower on Friday than the record closing high hit on Aug. 29, crossing the bear market threshold of a 20% decline.
The Nasdaq Index is the first of the three major U.S. stock market indices to cross the bear market threshold. It took less than four months to record the decline. This is the latest sign that the bull market, which began 10 years ago during the financial crisis, may soon end.
Several other key indices in recent days have also confirmed a bear market, including the Russell 2000 Small Stock Index, the S&P 600 Small Stock Index and the Dow Jones Transportation Index.
The S&P 500 index, the index of the U.S. stock market, has not yet entered a bear market, but more than 60% of its constituent stocks are already in the bear market region.


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