- The Nasdaq Composite fell 1%.
- The index is 8.8% below its record close on Oct. 6.
- A stock index is considered in correction when it closes 10% or more below a recent high.
The Nasdaq Composite fell 1% and is now 8.8% below its Oct. 6 record close. A close 10% or more below that high would put the index in correction territory.
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