Snapshot: Dow falls 20% from intraday record high of Jan 5

Snapshot: Dow falls 20% from intraday record high of Jan 5
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NEW YORK/BENGALURU (Sept 23): The Dow Jones Industrial Average was down more than 20% from its Jan 5 intraday record high on Friday, amid worries that aggressive policy tightening by the Federal Reserve will push the economy into a recession.

The index would confirm it has been in a bear market if it closes more than 20% below the record high close, according to a widely used definition.