S&P 500 Plunges into Correction Territory
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key stock market indexNewsweek
•Business
Business & Economics
S&P 500 drops more than 10 percent from its peak, plunging into correction territory
71% Informative
The S&P 500 dropped 1.4 percent on Thursday , falling 10.1 percent from a peak it reached less than a month ago .
A 10 percent drop qualifies as a "correction," a Wall Street term used to indicate pessimistic investor sentiment.
Thursday 's sell-off came as part of a broader stock market decline amid President Donald Trump 's trade war and tariff threats.
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