In an atypical move for the market, the Nasdaq-100 index already finds itself in correction territory just 1.5 months into the new administration. Usually, optimism abounds during a president's first year in office. However, this is actually a second Donald Trump administration, so maybe that's the difference.

Another day, another tariff-driven selloff on Wall Street. The large-cap S&P 500 index was falling 1% to trade at 5,542.16 as of 2:58 p.m. Eastern time on Thursday. A correction for the S&P 500, typically defined as a 10% decline from its recent peak,

A stock market correction is a drop in a major stock market index between 10% and 20% from recent highs. That's exactly what has happened with the Nasdaq Composite (NASDAQINDEX: ^IXIC) over the past three months.