Nasdaq slides into correction, down 11% from its October peak
The Nasdaq has officially entered correction territory, sitting 11% below its October high, per @WatcherGuru. The milestone means the index has cleared the 10% drop that defines a correction, a shift in sentiment from the rally that carried it to that peak.
The Nasdaq just crossed a line Wall Street watches closely. The index is now down 11% from its October high, which puts it officially in correction territory, according to @WatcherGuru.
A correction is simply a drop of at least 10% from a recent peak, and 11% clears that bar. It's a label that matters less for the math and more for the mood — it signals that the rally that carried stocks to October's highs has lost its footing.
The move comes after a strong stretch for the tech-heavy index, which sets the new milestone in stark relief. What looked like a peak two months ago is now the reference point for an 11% slide.
From here, the next marker traders will be watching is a 20% decline, the threshold that turns a correction into a bear market. For now, the Nasdaq sits in the first camp — and the October high is the number everyone will be measuring against.
TopicsNasdaq · WatcherGuru
Source: x.com
Written by Paparazzi with AI. Not financial advice.