What does this mean for you

If you’re anxious about your 401(k) after the recent stock market decline, you’re not alone.

The S&P 500 ended last week down more than 10% from its recent peak in July, pushing the stock index into correction territory, a troubling milestone for the millions of Americans who invest in one of the many mutual funds that use the index as benchmark instrument, reflecting its performance.

The index of 500 leading U.S.-traded companies ended at 4,117.37 on Friday, down 10.3% from its recent high on July 31. The technology-based Nasdaq Composite Index corrected earlier in the week, closing at 12,643.01.

Image Source : www.usatoday.com

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