Stock markets took another hit on Thursday, with several key benchmarks slipping into correction territory — a sign that Wall Street may be losing momentum in the early days of the second Trump administration.
The downturn reflects rising investor anxiety over the administration’s unpredictable policy moves. Sudden shifts in tariffs and federal job cuts have left many investors feeling uneasy.
What is a market correction?
A market correction occurs when a stock index, individual stock, or other financial asset drops 10% or more but less than 20% from its recent peak. The term “correction” reflects the idea that prices are adjusting from overvalued levels. It’s called a correction because the drop often “corrects”…
