The U.S. stock market has just dropped 10% from its high set last month, hurt by worries about the economy and a global trade war.
T he fall for the S&P 500 is steep enough that Wall Street has a name for it: a “correction.” Such drops have happened regularly for more than a century, and market pros often view them as potentially healthy wipeouts of overdone euphoria, which could send stock prices too high if unchecked.
