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Nasdaq on track for correction, falls 10% below record closing high

(Corrects dateline)

(Reuters) – The Nasdaq index tumbled on Wednesday, on track to confirm a correction as it briefly shed more than 10% from its record closing high on Nov. 19.

The tech-heavy index was last down 0.4% at 11:14 a.m. EST (1614 GMT).

A correction is confirmed when an index closes 10% or more lower than its record closing level.

Source: /Reuters

© Reuters. A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 18, 2022. REUTERS/Brendan McDermid

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