Head Spinner: Another Wild Ride As Volatility Jumps, Nasdaq Hits Correction Mode - News Summed Up

Head Spinner: Another Wild Ride As Volatility Jumps, Nasdaq Hits Correction Mode


The market is taking investors on a wild ride this week, and Thursday might have been even more turbulent than Wednesday. The S&P 500 ended down about 2% for the day, and off 6% for the week to date. A heavy percentage of S&P 500 stocks are now in correction mode, meaning down 10% or more from recent highs. That still isn’t the case for the S&P 500 itself, however. After Thursday’s 2.1% drop, the S&P 500 is down 7% from its late-September all-time high.


Source: Forbes October 11, 2018 21:22 UTC



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