Nasdaq Composite Enters Correction Territory For First Time In 2 Years

The Nasdaq Composite has entered "correction" territory, which many view as a drop of at least 10% from significant high, for the first time in two years. The index was down 2.4% at 4126 in recent trade, or 10.3% below the Sept. 2, 14-year closing high of 4598.19. The last correction was seen in November 2012. Meanwhile, the S&P 500 was down 9.4% from its Sept. 18 record closing high of 2011.36 and the Dow industrials are down 8.1% from their all-time closing high of 17279.74 seen Sept. 19.