Down over 13% from its all-time high (achieved in December), the Nasdaq Composite is officially in a correction, which is defined as a drawdown of at least 10%. After falling by 4% on Monday, the Nasdaq Composite ticked down again on Tuesday as the broader market sell-off intensified across the major indexes.

Follow all the latest U.S. market action for Thursday as stocks resume selloff and President Trump threatens more tariffs.

Major Wall Street indices, S&P 500 and Nasdaq, fell up to 2% on March 13 due to fears of a trade war. The S&P 500 dropped 1.39%, while Nasdaq fell 1.96%, marking significant declines from their 52-week highs.

With the Nasdaq Composite in correction territory, investors should consider investing some cash in the stock market. Corrections are defined as a decline of 10% from an all-time high, but they occur fairly often (just over every year since 1980).