At the close of trading on Friday, the S&P 500 index entered correction territory, marking the 103rd instance in its history.
The S&P 500, a measure of U.S. large-cap equities, experienced a decline of 19.8 points, a 0.5% drop, reaching around 4,117 according to preliminary FactSet data. This decline reflects a 10.3% decrease from its prior cyclical high of 4,588.96 reached on July 31, 2023.
The Nasdaq Composite also transitioned into a correction phase last Wednesday.
Reflecting on the past 15 corrections in the S&P 500, historical data shows it took an average of three months for the index’s performance to recover, with an average gain of 10.1% one year later.
Dating back to 1928, the S&P 500 has historically shown an average annual rise of 9.1% following a correction.
Market Data from Dow Jones
Despite these corrections, the S&P 500 has shown a 7.2% increase year-to-date. The Nasdaq Composite has surged by 20.8%, while the Dow Jones Industrial Average is down by 2.2% for the year, according to FactSet data.
Investors anticipating market stability after President Trump’s April 2 tariff deadline may need to prepare…
International stocks posted their strongest first-quarter outperformance against U.S. stocks on record, according to Dow…
Investors Brace for Market Volatility as Trump Plans Sweeping Tariffs U.S. stock futures dipped on…
Hello Traders! Today, I’m thrilled to walk you through my live trading experience using the…
Retail investors are bracing for a decisive moment as President Donald Trump’s April 2 tariff…
Automakers are facing tough choices in response to new tariffs: absorb the cost of importing…