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28 October, 19:40

What is the technical term for a 10 percent decline from a recent high in the u. S. Stock market?

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  1. 28 October, 19:55
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    correction

    Explanation:

    In financial terms, a correction (or market correction) happens when a security loses at least 10% of its price considering its most recent peak. The prices of stocks, bonds, etc., change every day, that is why a correction may take days, weeks or even months before the price of the security starts to recover. It is normal that corrections happen, and if a person has made a long term investment, he/she shouldn't worry about them because the price will eventually recover completely and surpass that peak in the future. Corrections are dangerous for those who speculate with short term investments.
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