US markets set some unwanted records last night with the Dow Jones entering a bear market for the first time since the pandemic.
Sky News business Reporter Edward Boyd says it’s “not a good record to set”.
“A bear market is when an index falls 20 per cent from its high, so the Dow Jones has come off 20 per cent,” he said.
“It’s now at its lowest level since about the end of 2020, so almost in two years.”
