Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 5, 2018.
More than half of the stocks in the S&P 500 were in correction territory or worse on Wednesday, as a sell-off led by technology names deepened a steep drop for the index in October.
Meanwhile, another 123 stocks were down 20 percent from their recent peak, sitting in bear market territory. Tech components Intel, Facebook and Twitter were among those names, as were automakers Ford and GM, and also American Airlines and GE.
Wednesday’s losses pushed the S&P’s drop this month to more than 2.5 percent and put the index on track for its first five-day losing streak since late 2016.