The Daily Money: The Dow has entered a bear market. What does that mean?

It's official: The Dow has entered a bear market. But what exactly is a bear market, and what's next for investors? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Wednesday, September 28 It's Wednesday. Happy Hump Day, readers. It's Brett Molina back with your Daily Money headlines. We start with big news out of California, where a new law will require employers in the state to post salaries for job listings. The law signed Tuesday by Gov. Gavin Newsom will take effect on Jan. 1. Supporters say the new law will help narrow the wage gap. As my colleague Jessica Guynn notes: "Women and people of color are more willing to negotiate and are more successful in those negotiations when salary ranges are disclosed, according to research from the National Women's Law Center." The markets get mauled by a bear 🐻 Welp, it's official: The Dow has entered a bear market . A bear market is commonly defined as a minimum 20% market decline from recent highs. As of Tuesday afternoon, the Dow was down 21% from its January peak. Of course, the Nasdaq and S&P 500 have long been in bear territory. The Nasdaq is down more than 33% from November, while the S&P has plunged 24% since January. This is probably not the best time to look at your 401(k) statements. 📰 More stories you shouldn't miss 📰 Car recall alert. Kia recalls 70,000 Sportage, Sorento SUVs, and advises owners to park outside because of fire risk. Changes to food labels. The White House wants them on the fronts of packaging. Hurricane Ian impact. Airports in Florida have closed ahead of the storm. Florida theme parks have shut down, and cruise lines are changing itineraries. Check out our live coverage. 🍔 Today's Menu 🍔 While I continue to adjust to the existence of cotton candy grapes, the U.S. Department of Agriculture recently signed off on allowing people to grow genetically-modified purple tomatoes. The tomatoes are reportedly high in anthocyanin, an antioxidant-rich pigment found in blackberries and blueberries. Can't wait to use those in a tomato sauce. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Follow Brett Molina on Twitter: @brettmolina23. What's a bear market? The Dow entered one with the S&P 500 and Nasdaq Bear market: Nasdaq's already well into one. S&P 500 fell into one over summer, and Dow's hit one. Bear markets tend to last about 9 months. New California law requires companies to post salaries for open jobs Put nutrition labels on the front of packages, White House plan says Kia recalls 70,000 Sportage and Sorento SUVs, citing fire risk Multiple Florida airports close ahead of Hurricane Ian Major cruise lines change itineraries due to Hurricane Ian Every major Florida theme park is closed ahead of Hurricane Ian Health care costs are no longer immune to inflation, analysts say How much will student loan forgiveness cost? $400 billion, CBO says. Demanding job, long hours: Am I burned out? Ask HR   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102