The Invesco QQQ ETF, which tracks the Nasdaq 100 index, has crashed this year and moved into a correction after falling by over 12.8% from its highest level this year. It plunged to a low of $471, its lowest level since September last year.

As a result, the growth-oriented stocks that led the Nasdaq higher over the past two years now are stumbling and have pushed the index into correction territory. Many investors continue to buy stocks in this environment, and you might be wondering whether you should do the same. After all, stock prices are getting cheaper.

The S&P 500 is now down 10.13% from its most recent peak. The post It's official: US stock market enters correction appeared first on The Motley Fool Australia.