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.

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.

US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union.

Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.

Wall Street's sell-off is accelerating Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol. Not even a double-shot of good news on the U.