U.S. stocks have recovered a chunk of their losses since falling 10% below their all-time high earlier this month, in their first “correction” since 2023. The S & P 500 is down 6% from its record, and that drop has left the market looking less expensive than before, which had been a major criticism following its euphoric rise in earlier years.

Trading on Wall Street is mixed ahead of key U.S. economic data being released later in the week, as well as developments in President Donald Trump’s trade agenda

Drops for Nvidia, Tesla and other former superstars dragged Wall Street lower on Wednesday. The S&P 500 sank 1.1% to break what had been a run of calmer trading. The Dow Jones Industrial Average swung from a gain of 230 points in the morning to a loss of 132 points,