Dow dives 1,600 points, on pace to close in a bear market as WHO declares coronavirus a global pandemic [USA TODAY]

S&P Global Inc. (SPGI)
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Source: USA TODAY
S&P 500 narrowly avoids a bear market as WHO declares coronavirus a global pandemic Jessica Menton USA TODAY The Standard & Poor's 500 plunged again Wednesday but narrowly avoided its first bear market since the financial crisis. Investors use the index, a benchmark for mutual funds, to track the broader stock market. Wednesday's rout left it down nearly 20% – almost bear territory – from its record. The broad index shed 4.9%, leaving it off about 19.2% from its Feb. 19 high. The Nasdaq Composite shed 4.7%, also off just under 20% from its record last month. The Dow Jones industrial avergae dropped 1,464 points, entering a bear market, or a drop of 20% from its Feb.12 high. That marks its largest decline since the financial crisis. The W
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