The S&P 500 Is in Correction Territory: 4 Surefire Stocks to Buy Right Now
Amazing deals abound within Wall Street's benchmark index.
It's official! As of the closing bell on March 13, the benchmark S&P 500 (SNPINDEX: ^GSPC), which is comprised of 500 of the most-influential businesses traded on U.S. stock exchanges, had entered correction territory. Since reaching its all-time closing high of 6,144.15 on Feb. 19, it's shed 10.1% of its value, which is just over the arbitrary threshold of a 10% move lower that defines a stock market correction.
Whereas upside catalysts have been abundant for Wall Street for more than two years, the concrete blocks weighing on the S&P 500 at the moment can be whittled down to two factors. First, there's the uncertainty regarding President Donald Trump's use of tariffs, and the historically negative correlation tariffs have brought to Wall Street. The other prevailing concern is the stock market's historically high valuation, dating back 154 years.
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