U.S. Stock Market Correction: Here’s Where We Stand

News Snapshot:

The U.S. NASDAQ Composite Index officially entered a correction last week, dipping 10.4% from its start-of-the-year level by the lows on Thursday. While the index regained some of the lost ground on Friday, it remained near correction territory, down 8% at the close of trading that day. Lately, there have been some signs that cooler heads are beginning to prevail. Friday’s trading was fairly orderly, and as of this writing, Monday futures were pointing to a flat open for the S&P 500. The extreme volatility of last week appears to have peaked, maybe even passed. Nevertheless, there is reason to...