The S&P 500 has experienced a notable decline, falling over 6% from its peak on February 19, marking the largest pullback since August 2024. This decline represents the 30th correction of more than 5% off a high since the market's low in March 2009. The index has recorded seven daily declines with losses exceeding 1% in 2025, a trend not seen since 1928 when the average year experiences 29 such declines. Currently, only 37% of NASDAQ members are trading above their 200-day moving average, the lowest level since November 2023. Additionally, the S&P 500's semiconductor sector has also dropped to its lowest point since mid-September, with only 11% of its members trading above their 200-day moving average. As of now, fewer than 40% of S&P 500 stocks are trading above their 100-day moving average, highlighting market weakness. The index's volatility has raised concerns, as it has recorded five consecutive days of 1% movements, a pattern last observed in November 2020.