The Dow Jones industrial average entered what is generally considered to be correction territory on February 8, when it completed a drop of 10 percent from its recent peak. This is the longest stint that the Dow has spent in correction territory since 223 trading sessions in 1961, according to Dow Jones Market Data.
But now the Dow stands less than 0.5 percent shy of emerging from correction territory. It need a gain of just 130 points to reach that mark, and notch a 10 percent gain from its recent low point.
Both the S&P 500 and the Nasdaq Composite Index also moved into correction territory back on February 8. But bot of those indexes have already emerged from their correction phases.
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