Yahoo Finance reports:
US stocks fell on Thursday, with the S&P 500 officially entering into correction territory, as economic concerns grew and investors digested the latest inflation data, President Trump’s trade offensive, and a looming US government shutdown.
The S&P 500 dropped 1.4% to officially enter a correction, as it is now more than 10% off its February record high.
The tech-heavy Nasdaq Composite, which itself entered into a correction last week, shed nearly 2% on the heels of a rebound for both gauges. The Dow Jones Industrial Average slid 1.3%, or nearly 550 points.
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Stock Market Selloff: S&P 500 Enters Correction, Dow Drops 500+ Points!
Major Index Declines:
S&P 500 (-1.4%)
Now 10% below February highs = Official Correction
Nasdaq (-1.8%)
Tech stocks lead selloff
Dow Jones (-1.3%)
Drops 550 points
Market…
— AFV GLOBAL (@afvglobal) March 13, 2025