The three major U.S. stock indexes closed sharply lower, with the S&P 500 falling 5.97%, the largest single-day drop since March 2020; it closed down 9.1% this week, the largest single-week drop since March 2020. The Nasdaq fell 5.82%, down more than 20% from its record high closing price, confirming that it has entered a technical bear market. The Dow fell 5.50%, closing more than 10% below its record high closing price, confirming that it has entered a correction range. The three major U.S. stock indexes all recorded their largest two-day declines since March 2020 and their largest weekly percentage declines since March 2020. In terms of popular stocks, Tesla closed down more than 10% today, Boeing fell more than 9%, Nvidia and Apple fell more than 7%, Netflix and Oracle fell more than 6%, Amazon fell more than 4%, and Microsoft and Google fell more than 3%.