The tech-heavy Nasdaq 100 is down roughly 9 per cent from the record it set on June 2, just shy of the 10 per cent technical threshold for a correction.

(Bloomberg) -- A rotation that has seen Wall Street investors bail from high-profile chipmakers in favor of more economically sensitive industries picked up speed, driving the…

The benchmark reached the correction threshold in just 38 trading days, versus more than 100 sessions during its previous decline.