Paulina Likos
U.S. News & World Report
February 28, 2022
(Allie Joseph/New York Stock Exchange via AP)
It's official – the stock market reached correction territory. The S&P 500 dropped more than 10% from an early January high to a low in late February amid concerns over the Ukraine conflict, inflation and rising interest rates. Over the long run, we know that the market increases in value, but in the short term there is volatility.