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Nasdaq confirms bear market; economic worries sink Wall Street

Nasdaq confirms bear market; economic worries sink Wall Street

Saturday, December 22, 2018, 11:31 AM

Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. With Friday's losses, the Nasdaq has fallen nearly 22% from its Aug. 29 high. The tech-heavy index dropped to its lowest-level since August 2017.
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