TSX crosses into bear market territory after COVID-19 declared a pandemic

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A bear market is commonly defined as a loss of 20 per cent from a recent high. The TSX ended the day down 20.6 per cent off the high of 17,970.51 set on Feb. 20. U.S. stock markets also moved into bear market territory with the Dow Jones industrial average losing 1,464.94 points or 5.9 per cent at 23,553.22. That's 20.3 per cent off its last high, also in February. The S&P 500 index was down 140.85 points at 2,741.38, while the Nasdaq composite was down 392.20 points at 7,952.05.The April crude contract was down US$1.38 at US$32.98 per barrel and the April natural gas contract was down 5.8 cents at US$1.88 per mmBTU.

The April gold contract was down US$18 at US$1,642.30 an ounce and the May copper contract was down 1.95 cents at US$2.50 a pound.

Source: News Formal (newsformal.com)

My husband is I got out of the stock market during the 2009 crash, taking a $30,000 loss. We just got back in last year. Our timing, needless to say, sucks. 😕

Shh Justin is looking for an appropriate outfit before addressing the nation.

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