Downturn in S&P

On Wednesday, the U.S stock-market saw a “critical” downturn. The stocks did not do well as the market was full of volatility. S&P500 was dragged into bear market as worries about more credit losses would hurt the financial companies. On the other hand, Cisco systems led the technology shares lower when its CEO raise fears of an extended economic downturn.

S&P500 did really saw a drastic change in itself as the bear-market pulled the major U.S stock indexes in it. U.S stocks have been tossed up for months by the credit crisis and severe U.S economic slowdown.

Well at the end of the day, all the major stock indexes in U.S share-market fell more than 2percent. Now its time to see how many days the bear-Market will hold the S&P500?