Dow drops 653 points in worst Christmas Eve trading day ever

Dow drops 653 points in worst Christmas Eve trading day ever

The Dow Jones Industrial Average dropped 653 points, falling below 22,000, on Monday and the S&P 500 entered a bear market after tanking more than 20 percent from a previous high.

A bear market occurs after a drop of 20 percent or more following a recent high, and is usually associated with long-lasting declines in the stock market, according to CNBC.

via NBC Dow drops 653 points in worst Christmas Eve trading day ever