The S&P 500 Joined the Nasdaq in Correction Territory Last Week. Here's What Could Happen Next.
On Thursday, March 13, the S&P 500 (SNPINDEX: ^GSPC) finished 10.1% below the all-time high it touched on Feb. 19, marking a rapid sell-off that sent the index into correction territory. As of March 13, the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) had already been in a correction for several days.A correction is defined as a decline of 10% or more from an index's recent high, while a bear market is a prolonged period where an index is down by 20% or more from its peak.Here's what to expect as the broader market continues to be volatile and drop by double-digit percentages.Continue reading
On Thursday, March 13, the S&P 500 (SNPINDEX: ^GSPC) finished 10.1% below the all-time high it touched on Feb. 19, marking a rapid sell-off that sent the index into correction territory. As of March 13, the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) had already been in a correction for several days.
A correction is defined as a decline of 10% or more from an index's recent high, while a bear market is a prolonged period where an index is down by 20% or more from its peak.
Here's what to expect as the broader market continues to be volatile and drop by double-digit percentages.
