Most of the S&P 500 is already in correction territory as benchmark teeters near milestone
1. 73% of S&P 500 stocks are in correction territory. 2. 203 components are more than 20% below their 52-week highs. 3. S&P 500 is 9% below its 52-week high from February 19. 4. Market decline driven by fears of slowing economic growth. 5. Five S&P 500 sectors are in correction territory.