Markets: The correction is not over yet

Hedge fund experts and market strategists said the recent sell-off in the stock market could be the start of a delay.

The Dow rose 618 points, or 1.98%, on Monday after Friday’s slide into bear market territory. The S&P 500 was up 1.86% while the Nasdaq was up 1.6%.

The slide in the stock market has sent tech and biotech companies down along with a host of retailers facing rising inflation and inventories as consumers begin to cut back on spending, including Target ( (TGT) – Get target company report) and Walmart ( (WMT) – Get a Walmart Inc. report.).

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