The S&P 500 enters a correction – WSJ

The S&P 500 enters a correction – WSJ

Updated October 27, 2023 at 6:01 p.m. ET

The stock market’s fall decline deepened Friday, pushing the S&P 500 into a correction and its worst two-week decline of the year.

The broad stock market gauge wobbled for much of the day before falling and losing 0.5% for the session, bringing it down more than 10% from its recent high. A drop in shares of Chevron And JPMorgan Chase helped send the Dow Jones Industrial Average down 367 points, or 1.1%, to its lowest closing level since March.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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