"Correction territory" refers to a situation in the stock market when the price of a particular stock or index falls by 10% or more from its recent peak.
Full definition
The 30 - stock index also briefly
entered correction territory for the first time since last month, falling 10 percent from its 52 - week high at one point late in the day.
After hitting two - year highs earlier in the week, bitcoin prices fell notably entering Wednesday,
nearing correction territory after enjoying a sharp rally.
Shares of Apple dipped on Monday and flirted
with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.
The first quarter of 2018 proved significantly more volatile for equity markets, with both the Dow Jones industrial average and the S&P 500 falling into
correction territory at one point.
Real estate, as measured by iShares U.S. Real Estate ETF (IYR): closing in
on correction territory, down more than 9 percent.
Even with U.S. equity markets now in
full correction territory, any stress or contagion to other areas of the markets remains limited at this point.
But since then, the Dow has rebounded
from correction territory, entering Thursday's trading day on Wall Street on a four - session winning streak.
A sharp rise in yields earlier this month sparked a widespread sell - off in equities, sending the Dow and S&P 500 into
correction territory before partially recovering.
Digging deeper, as the scorching - hot FANG stocks — Facebook, Amazon, Netflix and Google — have headed
toward correction territory this month, energy producers have stepped up and largely filled the void, aided by a surge in crude oil prices.
Apple's stock hit
correction territory Friday after falling more than 10 percent from its 52 - week high, but the massive tech company isn't alone in its gloomy performance.
In the days after we spoke, the S&P fell 10 percent from its recent high into
correction territory for the first time in two years.
TORONTO — The Toronto stock market hit
correction territory Wednesday, losing almost 350 points in the worst one - day sell - off since June 2013 amid a further plunge in energy stocks.
If you've been wondering if the stock market is
nearing correction territory and it's time to get out, you really need to ask yourself another question: Where else should I go?
The funny / weird thing is that even though the majority of stocks are in
correction territory at best and in bear market territory at worst, the S&P 500 itself is still 40 or so points from its all - time highs.
An abrupt rise in interest rates, concerns about rising inflation, and a potentially more hawkish Federal Reserve have created an equity market tantrum that now has the Dow and S&P 500 Index in
full correction territory (a correction is a price decline of between 10 % and 20 %).
Apple shares are sitting
in correction territory, down 10 percent from their March highs, but one technician says the tech giant is ripe for a breakout when it reports earnings after the bell on Tuesday.
In fact, the Dow and S&P 500 has unraveled, retracing their steps right
into correction territory on Thursday, defined as a decline of at least 10 % from their peaks, a mere two weeks following his comments.
As of today the S&P 500 has been on a nearly 30 - day slide, and the S&P TSX has
hit correction territory, declining slightly more than 10 % since the start of September.
Markets in the U.S. had dropped 10 percent at one point last week — pushing into
correction territory — following a data release in the U.S. that sparked fears over a stronger - than - expected uptick in inflation.
Apple is trading in
correction territory.
As for the market itself, the pullback that has brought major averages into
correction territory — 10 percent or more declines — has made valuations much more attractive.
Apple is in
correction territory, but a technician says the tech giant could break out when it reports earnings Tuesday.
The indexes also dipped into
correction territory.
After two days of relative peace, investors theorized on what drove U.S. stocks into
correction territory.
CNBC's Bob Pisani takes a look at what's moving in early morning trading as the Dow dips back into
correction territory.
As all major US indexes plummeted into
correction territory — with the benchmark S&P 500 suffering its worst week in more than two years — share buybacks stood at a standstill as companies sat paralyzed with fear.
While precipitous market swings may put the Dow Jones Industrial Average in
correction territory, financial experts say these kinds of moves are the sign of a healthy market.
You may be tempted to move your investments to cash in light of the more than 1,100 point - drop the Dow Jones industrial average suffered in one day that put the index in
correction territory.
Apple shares are sitting in
correction territory, but one technical analyst says the tech giant is ripe for a breakout when it reports earnings after the bell on Tuesday.
But as the rally fades and the Nasdaq falls into
correction territory, the sector's drag on the broader market may become more pronounced.
Its shares have fallen 8 percent from a 52 - week high set in mid-March, putting them just outside of
correction territory.
The drop would translate into a 10.4 % dive, and immediately send the stock market into
correction territory.
U.S. stock futures were lower Thursday morning after a post-Fed Wednesday slide left the Dow in
correction territory, CNBC's Contessa Brewer reports.
Several weeks after his comments, in early February, stock markets stateside fell more than 10 percent from recent record highs, with major U.S. and global stock indexes moving into
correction territory.
Last week, the Dow, S&P 500 and Nasdaq composite dipped into
correction territory.
The major indexes tried to recover Friday after a massive sell - off in the previous session that briefly sent the Dow into
correction territory.
U.S. stock futures were higher this morning, but the Dow Jones industrial average remains in
correction territory, CNBC's Jackie Deangelis reports.