Caution after Wall Street Caps Off Worst Week In Years

(From Reuters)

Signs that a long-awaited correction may have arrived on Wall Street will keep investors on edge on Monday after the S&P 500 closed off the week with its biggest percentage drop in two years.

The S&P 500 has slumped 3.89 percent since hitting a record high a week ago, trimming its gain in 2018 to 3.2 percent.

With the S&P surging more than 20 percent over the past year, selloffs like Friday’s 2.12 percent drop have become rare. No session last year suffered a loss of 2 percent or more, and 2016 had only four declines of that magnitude.

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