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The S&P 500 Is on Track to Enter a Correction

The S&P 500 is on track to finish the week in a correction, defined as a fall of at least 10% from a recent high.

The benchmark index recently traded at 4129.57, down 0.2%, according to FactSet. It would be in a correction if it closes at or below 4130.06, according to Dow Jones Market Data, reflecting a drop from its July 31 closing high of 4588.96.

Tweet on S&P 500 entering the correction

Tweet on S&P correction chart

The Nasdaq Composite on Wednesday finished in a correction, followed by the Nasdaq-100 on Thursday.

Correction: The S&P 500 on Friday touched a level that would represent a correction. An earlier version of the headline of this article earlier referred to the Nasdaq Composite.

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Image: Big Tech