The S&P 500 experienced a correction from January 3 through March 8. It dropped 13.0% over that period. Technically speaking the correction isn't over until the index has made a new high, which would be a new record high in this case.
![S&P 500 Performance Since March 8 Bottom](/content/images/size/w300/2022/05/quicktakes-S-P-500-Performance-Since-March-8-Bottom.jpg)
The S&P 500 experienced a correction from January 3 through March 8. It dropped 13.0% over that period. Technically speaking the correction isn't over until the index has made a new high, which would be a new record high in this case.