Business
The Dow Closes in Correction
The Dow Jones Industrial Average closed in correction territory on Friday, as the major indexes marked their longest weekly losing streak since in nearly four years.
The Dow fell 794 points, or 1.7%, to close 10% below its Feb. 10 closing high and join the Nasdaq Composite in correction territory. The Nasdaq dropped 2.2%. The S&P 500 fell 1.7%, moving another step closer to its correction level of 6280.74.
The major indexes fell for a fifth week in a row. Both the S&P 500 and Dow are riding their longest weekly losing streaks since May 2022, according to Dow Jones Market Data. The Nasdaq has dropped in 10 of 11 weeks, something that hasn’t happened since June 2022.
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