S&P 500 on course to confirm correction, falls 10% from Jan peak -Breaking
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© Reuters. This screen displays the Dow Jones Industrial Average (DJIA) during the New York Stock Exchange’s trading day in New York City on January 24, 2022. REUTERS/Brendan McDermid(Reuters] – On Tuesday the tumbled and showed signs of a correction as it lost more than 10% to its Jan. 3 record close high, which was set on the opening trading session.
At 09:55 am EST, the benchmark index dropped 2.4% (1455 GMT).
When an index closes 10 percent or more below its record closing level, it is considered a correction.
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