The U.S. stock market fell into correction territory today amid coronavirus fears. So what are corrections, and how long do they last?
There have been 26 market corrections since World War II with an average decline of 13.7% over an average of four months.The most recent corrections occurred from September 2018 to December 2018. The S&P 500 bounced into and out of correction throughout the autumn of 2018 before plunging into a bear market on Christmas Eve.
The Dow and the S&P 500 fell 2.25% and 2.3% on Thursday, respectively, and were each on track to close in correction territory based on their recent record close. The S&P 500 and Dow are each down more than 9% since Monday and more than 10% each since their respective all-time intraday and closing highs hit earlier in February.closes below 3,047.
There have been 12 bear markets since World War II with an average decline of 32.5% as measured on a close-to-close basis. The most recent was October 2007 to March 2009, when the market dropped 57% and then took more than four years to recover. The S&P 500 closed in a bear market in December 2018 using intraday data.— CNBC's
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