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Business & Economics

S&P 500 drops more than 10 percent from its peak, plunging into correction territory

Newsweek
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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.