Stock Market Today: Wall Street Falls, Pulling S&P 500 Down 10 Percent From Its July Peak

Specialist Gregg Maloney is reflected in a video screen on the floor of the New York Stock Exchange on Sept. 13, 2023. Richard Drew/AP Photo

NEW YORK (AP) — Stocks stumbled on Wall Street, bringing the S&P 500 10% below the peak it reached in July and putting the benchmark index into what’s called a “correction.”

The S&P 500 fell 0.5%, or 19.86 points, to close at 4,117.37 Friday and is now 10.3% below its July 31 high of 4,588.96. That marks its 10th loss in the last 12 days.