News Summary

• After quickly sliding to a morning loss of 1.5%, the S&P 500 clawed back nearly all of it before sinking again.
• The Dow Jones Industrial Average lost 498 points, or 1.1%, and the Nasdaq composite sank 1.2%.
• Nvidia was again the heaviest weight on the market, and its drop of 2.8% brought its loss for the month so far to more than 10%.
• That’s a steep enough fall that Wall Street has a name for it: a correction.