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Nearly 60% of the S&P 500 Companies Are in Correction Territory

With the S&P 500 on pace for its first 5% selloff this year, just about 60% of the S&P 500 stocks, 298, have fallen into correction territory, according to data from FactSet compiled by the Dow Jones stats group. Moreover, 23% of the index’s components, 135 stocks, have fallen into bear-market territory.

The worst sector is, no surprise here, energy. All 40 of the sector’s components have fallen by at least 10%, putting them in correction territory. Valero Energy, which fell into correction territory with today’s trading, made it a clean sweep. The vast majority of the stocks, 85%, are in bear-market territory, also.

The data was compiled during Friday’s trading session, so some names might shift as the selling...