The bull market meets its match

The stock market's record-setting run is officially over, thanks to coronavirus

A falling bull.
(Image credit: Illustrated | Igor Petrovic/iStock, Aerial3/iStock)

We officially have a bear market.

After peaking at an all-time high of 29,551.42 on February 12, the Dow Jones Industrial Average began falling as panic and economic disruption from the coronavirus outbreak spread across the globe. On Wednesday, the Dow's plunge closed just over 20 percent below its February peak, crossing the magic threshold of bear market territory, and ending what is widely considered the longest bull market run in history.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.