Most of the S&P 500 is already in correction territory as benchmark teeters near milestone

S&P 500 Set to Enter Correction as Growth Fears Trigger Selloff

The S&P 500 Index is on track to close in a correction on Tuesday, its first since late 2023, after dropping 10% from its Feb. 19 high as investors grow increasingly worried about an economic downturn and sell risky assets in favor of safe havens.

Most of the S&P 500 is already in correction territory as benchmark teeters near milestone

As of Monday's close, 366 S&P 500 components or 73% were trading 10% or more below their respective 52-week highs.

The SandP 500 set a record of 6,144 points on 19 February. Since then, it has dropped 9.5% and is still downhill, according to estimates from several Wall Street houses.

S&P 500 Set To Enter Correction As Growth Fears Trigger Selloff

The S&P 500 Index is on track to close in a correction on Tuesday, its first since late 2023, after dropping 10% from its Feb. 19 high as investors grow increasingly worried about an economic downturn and sell risky assets in favor of safe havens. The equity benchmark was down 1.5% as of 1:27 p.m. in New York, meeting the market’s definition of a correction. It is now trading at 5,528.88, compared with the record closing high of 6,144.15 it hit …

When Trump was elected, he promised a new economic miracle. The opposite is currently happening.

How to Make it a Healthy Correction - A Wealth of Common Sense

Boy that escalated quickly. The S&P 500 closed at a new all-time high on February 19th. Since then it’s basically gone down in a straight line. Through the close on Monday the S&P 500 was down nearly 9%. The Nasdaq 100 is in a 12%+ correction while the Russell 2000 is flirting with bear market territory, down 17%. I’m not a huge fan of this-year-is-just-like-that-year charts because people often take ...