- The Dow Jones industrial average ended a wild week up 314 points on the day, but down over 1,300 points since the close last Friday.
- That represents a 5.2% decline for the week, the worst one-week per cent decline since January 2016.
- The S&P 500 had a similar story, closing down 5.2% since last Friday’s close.
- Stocks whipsawed throughout the week, with the Dow posting an all-time record point decline on Monday, closing up nearly 600 points Tuesday, only to fall further Wednesday and Thursday before closing Friday in the green for the day.
- Thursday’s close brought the Dow and S&P 500 into correction territory, commonly defined as a 10% drop from recent highs.
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