correction

That brought it close to correction territory, typically defined as a drop of 10% or more from a recent high.

U.S. stocks deepened their comeback on Monday, with the tech-heavy Nasdaq Composite index scoring its best session since May — after nearly slipping into correction territory last week.

Analysts suggest the market’s recent pullback is a healthy correction, not the start of a deeper downturn.

“The weakness under the hood is a sign that we’re closer to the end of this correction, than the beginning.”

Viewed against such a prism, this foreshadows a period of sloppy price action or correction for the stock market.