27 stock markets classified as bear markets... US S&P 500 and Nasdaq fall short of criteria

Twenty-seven global equity indices have fallen more than 20% from their record highs and are now classified as bear markets, according to a BeInCrypto tally, though the same article inconsistently lists the total as 43 countries in its summary and 42 in the body. The U.S. S&P 500 and Nasdaq Composite did not meet the threshold, sitting 5.95% and 11.90% below their peaks as of the November 5 close. FRED data put the S&P 500's record close at 7,818.93 on October 6, versus 7,353.73 on November 5. The distinction matters because a bear market reflects a cumulative 20% drawdown from an all-time high, not a single-day loss. What to watch next is whether the two major U.S. benchmarks keep sliding toward the 20% line or stabilize short of it.