It simply means a drop in the stock price of the company.
yes hugely
The largest drop was 778 points on September 29, 2008
When stock prices drop significantly, it is often referred to as a "market correction" if the decline is 10% or more from recent highs. A more severe and prolonged drop is termed a "bear market," typically defined as a decline of 20% or more. Additionally, a sudden and sharp drop in stock prices can be called a "crash."
The drop in the stock market is being caused by a combination of factors, including concerns about economic growth, rising interest rates, geopolitical tensions, and uncertainty surrounding trade policies.
stock market
GFC- Global Financial Crisis
black Tuesday
1929
If market rises by 100% then the stock rises by 120%
In day to day stock market trading, the terminology means the underlying stock will go up in price.
_ The technical stock market correction takes place when major market indices like DJI and SP500 drop by more than 10% in a relatively short period of time.
The recession causes stock prices to drop as a whole except a few defensive stocks such as Wal-Mart.