Market in Correction
The three major indexes are all down by more than 10% which indicate that the market is in a correction.
The Dow hit a high of $18,351 on May 19th and a low of $15,370 on August 24th (more than a 16% decline).
The NASDAQ hit a high of $5,231 on July 20th and a low of $4,292 on August 24th (almost an 18% decline).
The S&P 500 hit a high of $2,134 on May 20th and a low of $1,867 on August 24th (a 12.51% decline).