Nasdaq officially enters bear market; Apple seen as a refuge

The Nasdaq Composite index is officially in a bear market. The Nasdaq tumbled 3.6% on Monday, pressured by soaring oil prices, rising interest rates, rampant inflation, continued supply-chain issues due to the various and sundry – rational and irrational – responses to COVID-19, and the ongoing Russian invasion of Ukraine.Eric J. Savitz for Barron’s:Since closing on Nov. 19 at 16,057.44, the Nasdaq Composite has now fallen 20.1%, crossing the 20% threshold that traditionally de