A bear market is a term used by Wall Street when an index such as the S&P 500 or the Dow Jones Industrial Average has fallen 20% or more from a recent high for a sustained period of time.

While many on Wall Street are cutting their year-end price targets after Trump's tariff announcement, one strategist is still calling for a rebound.

Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Trump announced sharp increases in taxes on goods imported to the US.