By Saqib Iqbal Ahmed NEW YORK (Reuters) -For the first time in over a year, the U.S. stock market is in a correction. The question now is whether the slide is set to get worse. The benchmark stock index closed down more than 10% from its February 19 closing high,

The S&P 500 entered its first correction, ending the day 10% below a recent closing high, since October 2023. The question now is what happens to the stock market next. The market pullback to Thursday’s close brings the loss to just over 10% from the record close of 6144.

The S&P 500 was teetering on the verge of a correction on Thursday afternoon as stocks continued to sell off amid growth concerns. The S&P 500 fell as much as 1.7% in intraday trading Thursday, putting it 10.