Here’s a tally of the carnage:
- The Dow lost 6.8 percent and 1,655 points on the week. It was its worst percentage drop since October 2008.
- The Nasdaq lost 8.3 percent on the week and is now 22 percent below its record reached in August, a bear market.
- The S&P 500 lost 7 percent for the week and is now down 17.8 percent from its record.
- The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12 percent each this month.
- Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent.