The Dow Jones Industrial Average heads for its first correction in 2 years. Here’s the level to watch. An ugly stretch for U.S. equities was intensifying as the crisis in Ukraine worsened and investors weighed the prospect of further sanctions to cripple the Russian economy as the Kremlin wages war in Eastern Europe.
Against that backdrop, the Dow Jones Industrial Average DJIA, -2.37% was headed sharply lower Monday and looked certain to mark its first close in correction territory in over two years.
A close below 33,119.685 would mark a 10% decline from its Jan. 4 record high, meeting the commonly used definition of a correction
The Dow last finished in correction on Feb. 27, 2020, and extended the decline into a bear market, defined as a drop of at least 20% from a recent peak, during the height of the pandemic-fueling selloff two years ago.
The Dow would join the Nasdaq Composite Index COMP, -3.62% and the S&P 500 SPX, -2.95% n correction territory, which the broad-based index entered on Feb. 22 for the first time in two years...............
https://www.marketwatch.com/story/the-dow-jones-industrial-average-heads-for-its-first-correction-in-2-years-heres-the-level-to-watch-11646684619?mod=home-page
