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On Thurs, the S&P 500 fell 1.4%. After weeks of selling, the index is now down 10.1% from a peak that was reached less than 1 month ago & is in a correction — a Wall Street term for when an index falls 10% or more from its peak, & a line in the sand for investors worried about a sell-off gathering steam.

Other major indexes, including the Russell 2000 & the tech-heavy Nasdaq Composite, had already fallen into correction before Thurs.