Definition
A drop of 10% or more from a recent high, but less than the 20% that defines a bear market.
The story
On Monday, Nov 2, 2026, the Nasdaq-100 closed in a correction, more than 10% below its record close, according to Reuters. Corrections happen fairly regularly even in long bull markets.
Why markets watch it
Coverage uses the 10% line as a milestone when a sell-off deepens.
Connects to
Last seen in
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms