Nvidia stock was hammered big time during the Nasdaq sell-off of 2022. Here's what Nvidia's growth and valuation may mean for what's happening now.

The Nasdaq index is now in correction territory, meaning it is now more than 10% down from its all-time high. While this may seem like a big deal, 10% corrections tend to occur just about every year,

The Nasdaq Composite (NASDAQINDEX: ^IXIC) started this week tumbling 4% on Monday -- the index's worst day since September 2022 -- and is still 12.5% off its all-time highs after today's trading session.

The S&P 500 fell 1.4% on Thursday, marking its lowest point of the year and sliding into a market correction, as it is now down 10.1% from the all-time high it reached less than a month ago. The Dow Jones Industrial Average also hit a year-to-date low, closing down 537 points.

Follow all the latest U.S. market action for Thursday as stocks resume selloff and President Trump threatens more tariffs.

US stocks slid, with the S&P 500 joining Nasdaq in a correction as Trump threatens 200% tax on European liquor if EU's tax on US whiskey stays.