On the buzzing floor of the New York Stock Exchange, traders were in full swing as the opening bell rang loud and clear on March 10, 2025. The scene, captured by Charly Triballeau for AFP via Getty Images, sets the stage amid the ongoing volatility in the market.
The S&P 500 index is undeniably under pressure, with a significant number of its stocks slipping into correction territory. Continuing losses on Wall Street are nudging this key benchmark closer to a pivotal level. By the time the markets closed on Monday, a striking 73% of the S&P 500’s components, or 366 stocks, were trading at least 10% below their 52-week highs, indicating they’ve already hit a correction phase. Moreover, 203 of these stocks have plunged more than 20% from their peaks, landing them squarely in bear market territory.
As Tuesday rolls around, the S&P 500 remains in negative territory, about 9% shy of the 52-week high it last touched on February 19. Recent weeks have seen this downward trend pick up the pace, largely due to the ripple effect of President Donald Trump’s stringent tariffs stirring worries about economic slowdown, or even a potential recession.
Focusing on sectoral performance, five of the 11 S&P 500 sectors are also feeling the heat of correction. These include consumer discretionary, technology, communication services, materials, and energy sectors, all of which are navigating challenging waters.
When we delve into individual stocks, the most significant declines have been noted in companies like Moderna and Super Micro Computer, both plummeting by 79% and 69% from their record highs, respectively. Joining this list of substantial setbacks are First Solar, Intel, Enphase Energy, Dollar Tree, Estée Lauder, and Tesla, each having experienced a drop of at least 50% from their recent zeniths.
This tumultuous terrain reflects the broader market sentiment, as investors brace for what lies ahead and strategize their next moves in this ever-fluctuating financial landscape.
