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S&P tumbles to ‘correction’ after falling ten percent from record high

The S&P 500 index has tumbled more than ten percent from its record high set just last month as worries about interest rates, inflation and now Ukraine have shaken investors in the most widely followed measure of the U.S. stock market.

The ‘correction,’ the name given by Wall Street for drops of ten percent, comes after the market peaked at 4796.56 on January 3. However, another 1.01 percent dip Tuesday as Russia threatens to overrun its neighbor pushed down the index to 4,304.76, accounting for a 10.25 percent decline from the peak.  

Such drops occur regularly, and market pros tend to see them as potentially healthy setbacks that can clear out unjustified market exuberance or excessive risk-taking.

But they’re frightening in the moment, particularly for every new generation of…


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