U.S. stocks suffer the worst week in five years, and Nasdaq falls into technical bear market

PANews reported on April 5 that according to Cailianshe, the U.S. stock market suffered its worst week in five years, and the Nasdaq fell into a technical bear market. On Friday, Eastern Time, the three major U.S. stock indexes closed sharply, with the S&P 500 falling 5.97%, the largest single-day decline since March 2020; closed down 9.08% this week, the largest single-week decline since March 2020. The Nasdaq fell 5.82%, down more than 20% from its historical high closing record, confirming its entry into a technical bear market. The Dow Jones Industrial Average fell 5.50%, closing more than 10% lower than the historical high closing record, confirming that it entered the correction range.