Nasdaq flirts with a bear market; Oil in free fall

Dow sinks below 23,000

The Dow dropped 464 points, or 2%, on Thursday. The index closed below 23,000 for the first time since October 2017. The Nasdaq lost 1.6% and only narrowly avoided closing in its first bear market since the Great Recession. The S&P 500 declined 1.6%.

And US oil prices are in free fall, ending below $46 a barrel for the first time since August 2017.

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