Wall Street posts worst drop since 2020: Nasdaq plunges 5.52% and enters correction

Wall Street recorded its worst session since 2020. The Nasdaq Composite fell 5.52% and closed in correction territory, more than 10% below its October 6 record high, in a massive selloff that erased about US$2.5 trillion in value. According to analysts, the trigger is the same one that had already hit the market previously.