The S&P 500 Is on Pace to Close in Correction Territory

The S&P 500 was on track to close in correction territory on Friday after big tech earnings season so far has failed to combat worries about higher bond yields. The S&P 500 was down 0.6% to 4,111.90, according to Dow Jones Market Data. The S&P 500 has fallen into correction territory 102 times.