Stock market correction: What it is and why it's not necessarily bad
WASHINGTON â The stock market is all about numbers, and the biggest one to remember in the wake of this month's steep losses is 10.
When a stock index declines 10 percent or more from its recent high, that's considered a market correction.
After plunging more than 1,000 points on Thursday for the second time this week, the Dow Jones industrial average dropped into a correction. So did the broader Standard & Poor's 500 index. Both were down a little over 10 percent from the record high reached
