The S&P 500 experienced a correction from January 3 through March 8. It dropped 13.0% over that period. Technically speaking the correction isn't over until the index has made a new high, which would be a new record high in this case.

The S&P 500 experienced a correction from January 3 through March 8. It dropped 13.0% over that period. Technically speaking the correction isn't over until the index has made a new high, which would be a new record high in this case.