The Dow Jones Industrial Average was on the verge of entering correction territory after closing sharply lower on Wednesday as the Pentagon said that Russian troops were poised to launch a full-blown invasion of Ukraine.
The 125-year old Dow Industrials
DJIA,
fell around 465 points, or 1.4%, to close near 33,132, after trading as low as 33,084.90. A close below 33,119.685 would mark a 10% decline from its Jan. 4 record high, meeting the commonly used definition of a correction.
The Dow would join the Nasdaq Composite Index
COMP,
and the S&P 500
SPX,
which on Tuesday finished in correction territory for the first time in 2 years.
The Dow last finished in correction on Feb. 27, 2020, and extended the decline into a bear market, defined as a drop of at…
