Most of S&P 500 in correction territory as benchmark nears milestone

The ongoing sell-off on Wall Street has pushed the majority of stocks in the S&P 500 into correction territory, with 73% of components trading 10% or more below their 52-week highs. A total of 203 components are now in bear market territory, closing more than 20% below their recent highs.

The S&P 500 itself is down about 9% from its peak on Feb. 19, with fears of a recession mounting as President Donald Trump’s tariffs continue to rattle the market. The decline has been swift and steep, leaving investors on edge about the future of the economy.

Five out of the 11 S&P 500 sectors are now in correction territory, including consumer discretionary, tech, communication services, materials, and energy. Some of the biggest losers in the index include Moderna and Super Micro Computer, which have plummeted 79% and 69% from their highs, respectively.

Other notable companies that have seen significant declines include First Solar, Intel, Enphase Energy, Dollar Tree, Estée Lauder, and Tesla, all down at least 50% from their recent peaks. The market turmoil has investors scrambling to reassess their portfolios and brace for further volatility in the weeks ahead.

For a visual representation of the S&P 500 performance, check out the live chart below:

Overall, the market turbulence is a stark reminder of the unpredictable nature of investing and the importance of diversification and risk management. As the sell-off continues, it will be crucial for investors to stay informed, stay calm, and make strategic decisions to weather the storm.