BAD NEWS BEAR: Stock Market Tumbles, On Pace to Confirm Bear Market

The Dow Jones Industrial Average was down 20% from its January 4th record on Friday morning, indicating that a bear market is likely; the Dow briefly slipped below 29,439.72.

From Fox Business:

U.S. stocks see heavy selling with all three of the major averages down over 2% with the Dow’s point drop hitting 700 before bouncing off the lows which confirmed a bear market.

All 30 members traded in the red with Boeing and Chevron the worst performers. Oil fell nearly 6% trading below $80 per barrel infecting energy stocks. 

This story is developing…