By Evie Liu 

Stocks plunged sharply on Wednesday, and the bear market has returned. The Dow Jones Industrial Average dove 1,464.94 points, or 5.86%, to close at 23,553.22. The S&P 500 slumped 140.85 points, or 4.89%, to end at 2741.38, and the Nasdaq Composite lost 392.30 points, or 4.70%, to close at 7952.05.