Market Extra: Here’s a reminder that stock-market corrections don’t always become bear markets

Who said bear market?

A market correction is often defined as a 10% pullback from a recent peak. Using that as a yardstick, the S&P 500 is about 2 percentage points away from joining the Nasdaq Composite, its tech-heavy peer, in correction mode.

Yet a correction doesn’t necessarily mean that a bear market is lurking around the corner. In fact, history and data make for a strong case that this recent spate of selloff is nothing out of the norm.

The S&P 500 is off 8% from its record high on Sept. 20 in the wake of a meltdown that pitched Nasdaq into correction territory Wednesday.

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