(Reuters) -- The S&P 500 dipped 1.4% on Thursday, leaving it down 10.1% from its record high close on Feb. 19 and confirming the widely followed benchmark is in a correction as an escalating tariff war between the U.S. and its top trade partners fuels concerns about a recession.
The confirmation the S&P 500 has fallen into a correction marks a significant shift in market sentiment as the index -- widely considered the best gauge of large U.S. companies and broader stock market health -- joins the Nasdaq composite in showing signs of deepening investor concerns over trade tensions.
