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. In addition, 203 components are now more than 20% below their recent peaks, signaling a bear market for those stocks.
The S&P 500 itself is down about 9% from its 52-week high, reached on Feb. 19, with the decline accelerating in recent days due to concerns over President Trump’s tariffs and their potential impact on economic growth.
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 worst performers in the index include Moderna, which has plunged 79% from its record high, and Super Micro Computer, which has dropped 69%.
Other notable losers in the S&P 500 include First Solar, Intel, Enphase Energy, Dollar Tree, Estee Lauder, and Tesla, all of which have seen declines of at least 50% from their recent peaks.
These developments have investors on edge as they navigate the turbulent market conditions. It remains to be seen how the market will react in the coming days and weeks as economic uncertainties persist.
