S&P 500 Pares Losses After Hitting Bear-Market Territory

A weekslong stock selloff took on new intensity Friday, nearly ending the bull market that began after the start of the pandemic.

Stocks rose at the open, then reversed course, falling throughout most of the turbulent session. At one point, the S&P 500 slid so far it was on track to close at least 20% below its January peak—what would have been considered a bear market. A comeback in the final hour of the trading day pushed the index higher, with the S&P 500 ending up…

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